Brief: CdR Advance Capital FY Net Profit Up At EUR 2.8 Mln, Board Approves 2018-2022 Business Plan

ABC SpA SB

23/05/2018 17:09

May 23 (Reuters) - CdR Advance Capital SpA  CDRU.MI :
    * FY REVENUE EUR 4.4 MILLION VERSUS EUR 4.3 MILLION YEAR AGO
    * FY NET PROFIT EUR 2.8 MILLION VERSUS EUR 1.2 MILLION YEAR AGO
    * PROPOSES DIVIDEND OF EUR 0.051 PER EACH CLASS A SHARE TO BE PAID FOR EUR 0.01326PER SHARE
IN
CASH AND REST IN KIND
    * BOARD APPROVES 2018-2022 BUSINESS PLAN
    * 2018-2022 BUSINESS PLAN ENVISAGES INVESTMENTS FOR VALUE OF ABOUT EUR 37 MILLION
    * 2018-2022 BUSINESS PLAN SEES INTERNAL RATE OF RETURN ON INVESTMENTS OF 32 PERCENT
    * BUSINESS PLAN ENVISAGES TRANSFER TO BORGOSESIA  BRGI.MI  OF ALL COMPANY'S ASSETS EXCEPT
FOR
STAKE IN ADVANCE SIM
    * ADVANCE SIM TO BE INCORPORATED INTO CDR ADVANCE CAPITAL WHICH WILL CHANGE NAME TO ADVANCE
SIM
    * BORGOSESIA TO HAVE TWO SEPARATE UNITS SET UP: DIMORE EVOLUTE AND CDR

Source text for Eikon:  ID:nBIA4KPt3n 
Further company coverage:  CDRU.MI 

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