MLP SE Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 03:08 pm EDT
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MLP SE reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 205.24 million compared to EUR 211.57 million a year ago. Revenue was EUR 212.21 million compared to EUR 217.94 million a year ago. Net income was EUR 2.39 million compared to EUR 5.34 million a year ago. Basic earnings per share from continuing operations was EUR 0.02 compared to EUR 0.05 a year ago. Diluted earnings per share from continuing operations was EUR 0.02.
For the six months, sales was EUR 459.65 million compared to EUR 461.5 million a year ago. Revenue was EUR 474.97 million compared to EUR 472.61 million a year ago. Net income was EUR 25.89 million compared to EUR 30.07 million a year ago. Basic earnings per share from continuing operations was EUR 0.24 compared to EUR 0.28 a year ago. Diluted earnings per share from continuing operations was EUR 0.24.
MLP SE is a Germany-based holding company engaged in the investment management and fund operators industries. Through its subsidiaries, the Company operates as a financial services company which offers financial products and solutions. The Company operates four business segments. The Financial Services segment provides consulting services, insurance, investments, pension provision schemes and loans, as well as contract brokering concerning these financial services, among others. In addition, this segment includes portfolio management, trustee credit business and credit card business. The Feri segment covers wealth and investment consulting. The Holding business segment covers the Companyâs internal services and activities. The Non-Life Insurance segment covers underwriting. All segments are active in Germany, whereas the Feri segment also operates in Luxembourg. The Company operates MLP Finanzdienstleistungen AG, FERI AG, TPC GmbH and the DOMCURA Group as wholly owned subsidiaries.