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Compagnie Financière Tradition reported buoyant first-half trading conditions, with consolidated turnover for the period up by 16.5%, to CHF 788.3 million at current exchange rates, against CHF 676.7 million a year ago. This represents a rise of 31.8% at constant exchange rates.
Second-quarter consolidated turnover was up 13.5% on the same period last year, reaching CHF 391.2 million. At constant exchange rates turnover was up 30.4%.
In terms of geographic spread, the UK and the American continent are still the Group's major revenue generators, contributing 34.3% and 34.9% of H1 turnover respectively, against 35.9% and 32.2% in 2007. Asia's contribution remained unchanged from last year at 20.1% of Group revenues, while continental Europe accounted for 9.7%, compared with 11.8% in H1 2007.
With a presence in 26 countries, Compagnie Financière Tradition is a leading interdealer broker (IDB) in the international market. The Group provides broking services for a complete range of financial products (money market products, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures) and non-financial products (precious metals, and energy and environmental products).
Compagnie Financière Tradition is listed on the SWX Swiss Exchange (CFT). Find out more about our Group at www.traditiongroup.com
Lausanne, 31 July 2008
Press contacts:
Compagnie Financière Tradition Patrick Combes, President Tel.: +41 21 343 52 66
