The result net of taxes and minority shareholder interests increased to 1.4m Euro (first half 2009: 1.1m Euro). The result per share net of taxes and minority shareholder interests came to 0.48 Euro after 0.44 Euro in the first half of 2009. The number of shares has increased by 375,000 to now 2,900,000 shares compared to the publication date of the interim report 2009.

The non-proportional improvement of the result compared to the revenue growth mostly follows from positive extraordinary effects in the previous year’s first half year at the amount of 0.24 Euro and negative extraordinary effects in the first half year 2010 of -0.07 Euro per share net of taxes and minority shareholder interests. The result adjusted by extraordinary effects amounted to 0.55 Euro (first half 2009: 0.20 Euro) per share net of taxes and minority shareholder interests. The overall result equals a net operating margin of 12.3 percent.

With 7.5m Euro, the cash position has nearly tripled compared to the end of the last business year (end of 2009: 2.6m Euro). The board of management considers this as sufficient. The equity ratio amounts to 71 percent. Frogster has no bank liabilities.