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Hellenic Exchanges Announces Dividend Payment

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Hellenic Exchanges - the Athens Exchange operator - said that it will propose to its shareholders the distribution of EUR 0.15 as ordinary dividend, according to an announcement. 

In addition, the Board decided to propose to distribute EUR0.10 per share as special dividend (share capital return) to the next Annual General Meeting of shareholders, which will take place on May 18th 2011.

The record date and payment date for the special dividend will be decided by the General Meeting of the Companys shareholders and the group will inform investors about the exact dates, as soon as they are determined. 

The consolidated net after tax profits of Hellenic Exchanges Group in 2010, excluding the extraordinary tax (Law 3845/2010) amounted to 29.2m euro vs. 41.6m in 2009, reduced by 30%. Including the EUR7.9m in extraordinary tax (EUR12.1m in 2009), the consolidated net after tax profit amounted to EUR21.3m. The consolidated turnover of the Group was reduced by 21%, to EUR61.7m vs. EUR78.3m in 2009. 

This reduction is mainly due to the drop in the share prices of listed companies. In particular, the average capitalization of the Greek market dropped by 20% in 2010 compared to 2009 (EUR65.4bn vs. EUR81.7bn). The average daily traded value dropped by 32% in 2010 compared to 2009 (EUR139m vs. EUR205m). The operating expenses of the Group were reduced for the sixth straight year. Specifically, operating expenses amounted to EUR22.2m vs. EUR23.1m in 2009, reduced by 4%. 

The Groups EBIT in 2010 amounted to EUR34.7m vs. EUR50.2m in 2009, reduced by 31%. 

The net after tax profit per share in 2010 amounted to EUR0.32 vs. EUR0.45 in 2009.

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