In the first half of 2024, Norinvest Holding achieved a consolidated net income of 4,3 million francs, representing an increase of approximately 16 percent compared to the same period last year.

The group’s cumulative consolidated operating income remained unchanged at 22,6 million francs, as stated in a press release on Friday. Operating expenses for the reporting half-year amounted to 17,0 million francs, down by 0,6 million francs.

As of June 30, the holding company reported consolidated equity of 90,3 million francs, compared to 88,9 million at the end of 2023.

Norinvest remains focused on managing its primary holding, Banque Cramer & Cie, which constitutes the largest portion of the group’s earnings.

In April, Banque Cramer appointed Thomas Müller, the former long-serving head of Banque CIC (Switzerland), as its new CEO, succeeding Erich Pfister, who had resigned last year.