In Q1 2015, MCI Group boasted a net profit of PLN 20.7 million, as compared to PLN 3.1 million in the preceding year. Its revenue stood at PLN 25.2 million vs. PLN 5.8 million the year before. Revenue from variable fund management fees was a strong performance driver. The variable fee is paid when a fund’s rate of return goes above a certain threshold. This revenue item totalled PLN 16.7 million. The fixed management fee brought PLN 8.5 million. “The organic growth in the value of our investment portfolio and sound investment performance of individual funds drove very good financial results”, says Tomasz Czechowicz, President of PEM.
Good performance was appreciated by stock market investors. On Friday, the shares of the company which was floated on the Warsaw Stock Exchange on 9 April were worth as much as PLN 150, a record level in its short stock market history. It means that investors who bought Private Equity Managers securities during IPO at PLN 111 could have generated even 35 percent in return.
The article was published in GG Parkiet on 16 May 2015.