Press Release 23th September, 2005

FINANCIERE DE TUBIZE FINANCIERE D'OBOURG which absorbed FINANCIERE DE TUBIZE and changed of corporate name in FINANCIERE DE TUBIZE

Increase of half-year net current result of 4.35 %


The Board of Directors published the half-year results 2005 of the new Financière de Tubize compared to the half-year results Financière d'Obourg 2004 (which absorbed on May 23 2005 Financière de Tubize (old) and changed of corporate name in Financière de Tubize).

  (in EUROS)
  2004
Financière d'Obourg
2005
Financière de Tubize after merging
Recurrent financial results 45,074,366.25 47,678,764.20
Other recurrent results (-) 67,650.52 (-) 715,659.81
Total current result 45,006,715.73 46,963,104.39
Obourg dividend by Tubize (old) - 14,102,000.00
Results on realization of financial assets 59,768,559.91 68,197,015.26
Results before tax 104,775,275.64 129,262,119.65
Tax regularization - (-) 1,037.74
Results after tax 104,775,275.64 129,261,081.91
Current results per share 1.979 1.053
Net results per share 4.606 2.898
Number of shares 22,747,400 44,608,831
(Non-consolidated figures)    

The net current result for the half-year 2005 amounts to € 46,963,104.39 compared to € 45,006,715.73 in 2004. This result mainly represents the UCB dividend amounted to 50,619,600 € . The Obourg dividend received by Tubize amounted to 14,102,000 € is not recurrent as Financière de Tubize (old) was absorbed by Obourg with change of the corporate name in Financière de Tubize.

The exceptional result in 2005 amounts to € 68,197,015.26 and results from purchases and sales of UCB shares realized by Financière de Tubize.

Prospects: taking into account the UCB dividend received in June and the projected costs for the second half of the year, the result should confirm an increase compared to 2004.

The dates for the board meetings in 2005 were 22 March 2005, 23 September 2005. The ordinary and extraordinary shareholder's meetings took place on Monday 23 May 2005. The planned dates for the board meetings in 2006 are : 13 March 2006 and 22 September 2006. The ordinary shareholder's meetings will be held on 22 May 2006.

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