The PPF Group of the late Petr Kellner generated a consolidated and audited net profit of EUR 208 million (CZK 5.32 billion) in the first half of 2021, while a year earlier it reported a loss of EUR 384 million (CZK 9.83 billion), announced PPF.
The group’s total assets reached EUR 40.3 billion (CZK 1.03 trillion) at the end of June, which represents an increase compared to EUR 39.7 billion at the end of 2020. PPF’s equity attributable to shareholders amounted to EUR 8.6 billion (CZK 220 billion), when at the end of 2020 it was EUR 7.9 billion.
PPF Group invests in a number of industries, from financial services to telecommunications, media, biotechnology, real estate to engineering. PPF operates in Europe, Asia and North America. It employed 80,000 people worldwide at the end of June. PPF has its corporate ownership and management structure in the Netherlands. Until his death, the majority owner of PPF Group, N. V., was the richest Czech, Petr Kellner, who, according to the company’s annual report, controlled 98.93 percent of PPF.
Source: PPF and CTK
