Telekurs’ Revenues Up in 2001

ORGANIZATION AND STRATEGY

Telekurs Group released its 2001 annual report last week. The Group reported a three percent increase in revenues to CHF703 million (US$416 million) from CHF684 million (US$409 million) in 2000. (The percentage increases in dollars do not match because of the variance in currency conversion rates.) Telekurs Financial accounted for 36 percent of Group revenues, or CHF254 million (US$150 million). The percentage of total was the same in 2000.

The revenue improvement was traced to the increased

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