The positive trend from the first quarter continued for Warimpex Finanz- und Beteiligungs AG. On the one hand, operating activities developed well and had a positive impact on the result for the first half of 2016. On the other, the Russian rouble recovered further in the second quarter, offsetting part of the non-cash foreign currency losses posted in prior periods, and the International Monetary fund slightly upped its projections for economic growth in Russia in 2016 and 2017. We also made pleasing progress in our development activities.

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