Italy's Acsm Agam 2020 core profit up 14%, proposes 0.08 euro/share dividend
12/03/2021 12:35
March 12 (Reuters) - Italy's Acsm Agam ACAG.MI will pay a
gross dividend of 0.08 euros per share after posting a 14% rise
in its full-year core profit despite the negative impact of the
pandemic, the multiutility said on Friday.
The group, which offers its services in the northern region
of Lombardy, reported earnings before interest, taxes,
depreciation, and amortization (EBITDA) before non recurring
items up at 75.5 million euros ($90.05 million) last year.
Net profit was down 3.8% to 17.9 million euros.
Monza-based Acsm Agam, which is controlled by Italy's
biggest regional utility A2A A2.MI , added it forecasts 2021
results to be in line with its 2021-2025 business plan.
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($1 = 0.8384 euros)
(Reporting by Federica Urso, editing by Giulia Segreti)
((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))