Oslo Børs VPS Holding reports a profit of NOK 95 million for the fourth quarter of 2007 (NOK 62 million). The group had operating revenues of NOK 227.7 million (NOK 132.6 million) in the quarter. The group experienced a continuing high level of market activity in all business areas. The Board of Directors of Oslo Børs VPS Holding ASA propose a dividend of NOK 7.00 per share for 2007, equivalent to NOK 301 million.
Key figures for the Oslo Børs VPS group:
|
4th Quarter 2007 |
4th Quarter 2006 |
2007 |
2006 |
Operationg revenues |
227 725 |
132 639 |
665 821 |
494 631 |
Operating profit |
124 300 |
84 951 |
390 067 |
293 143 |
Earnings for the period |
94 450 |
61 823 |
304 618 |
220 204 |
Earnings per share (NOK) |
2,97 |
2,47 |
11,40 |
8,81 |
Net operating margin |
55% |
64% |
59% |
59% |
A more detailed presentation by business areas is provided in the quarterly report.
The merger of Oslo Børs Holding and VPS Holding came into force on 26 November 2007, which was also the last trading day for shares in VPS Holding. At the same time, the company changed its name to Oslo Børs VPS Holding ASA.
Oslo Børs VPS Holding has begun work on the strategy for the merged group.
The group will prioritise the following objectives over the next two years:
- We will have an attractive financial infrastructure
- We will develop and market value-adding services that the market wants
- We aim to ensure continued local and global interest for the group
- To be the preferred choice for local companies, investors and investment firms
- Leading marketplace for selected sectors
- Competitive prices
- Broadly based and robust distribution network
- To be the preferred choice for local companies, investors and investment firms
- We will be an attractive workplace
- We aim to have satisfied shareholders
Important activities over the next two years will be:
- Realise synergies
- Evaluate the value chain and implement measures based on this evaluation
- Intensify marketing activities, both nationally and internationally
- Develop new products and improve existing products in all areas
- Co-ordinate focus on the retail market, including evaluating a new system for mutual fund managers
- New trading systems