DR0 Deutsche Rohstoff AG

DGAP-News: Deutsche Rohstoff AG:

DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
Deutsche Rohstoff AG:

13.07.2020 / 15:32
The issuer is solely responsible for the content of this announcement.


Deutsche Rohstoff AG: Excellent start of the equity and bond portfolio

Mannheim. The equity and bond portfolio which Deutsche Rohstoff AG has built up in response to the Corona crisis (see press release of 6 April 2020) has developed positively so far. As of 30 June 2020, the portfolio's profit amounted to about EUR 7.4 million. So far, only a small part of the profits have been realized. As of 10 July 2020, the profit has increased further to EUR 8.2 million.

Of the originally planned investment volume of a maximum of EUR 22.3 million (USD 25 million), EUR 19.1 million had been invested at the end of June. Gold mining shares accounted for nearly 49 percent of the portfolio. The gold share is thus higher than initially planned, which is related to the very good development of the gold price. Gold accounted for approx. 69 percent of the profit accumulated at the end of June, with oil and gas stocks and bonds contributing 31 percent.

Only realized gains will be visible in the semi-annual financial statement, which Deutsche Rohstoff AG intends to publish by mid-August. Under German GAAP, unrealized gains may not be recognized as income.

Mannheim, 13 July 2020

Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold and tungsten complete the portfolio. Further information can be found at

Kontakt
Deutsche Rohstoff AG
Dr. Thomas Gutschlag, CEO
Tel. 0



13.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: Deutsche Rohstoff AG
Q7, 24
68161 Mannheim
Germany
Phone: 0621 490 817 0
Fax: 0621 490 817 22
E-mail:
Internet:
ISIN: DE000A0XYG76, DE000A1R07G4,
WKN: A0XYG7, A1R07G
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1092661

 
End of News DGAP News Service

1092661  13.07.2020 

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13/07/2020

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