Good operation for Viel & Co. The investment company announces for its fiscal 2009 net income Group share up 18% to 37.4 million euros. However, this good result is not due to improved operational performance. Indeed, the operating result fell by 5% to 92 million euros against 97 million a year earlier. The turnover was also down 8.9% as reported, to 922.6 million euros against 1.013 billion euros in 2008.
The investment company is a drop in revenue on its two main branches: the interdealer broker and the stock online. The first garnered 895.9 million euros last year against 981.6 million euros in 2008 no teletrack payday loans.The second fall to 26.7 million euros against 31.4 million euros a year earlier.
The quarterly changes in earnings highlights a steady decline throughout the year for both branches. The last months of 2009 were particularly difficult with the fourth quarter, a consolidated turnover of 208.5 million group euros against 263.8 million euros over the same period in 2008, a decrease 21%.
The band announced a dividend of 0.15 euro per share, identical to that which was paid in respect of fiscal 2008, "is a payout ratio of 30.4% of net income group share . In 2010, Viel & Cie is not a forecast.