Brief: Alumetal FY EBITDA up 9 pct YoY, plans 2.92 zloty div/shr

Alumetal SA

06/04/2017 07:11

April 6 (Reuters) - Alumetal SA  AMT.WA : 
    * Reported on Wednesday FY revenue of 1.27 billion zlotys ($320.04 
million)versus 1.44 billion zlotys a year ago 
    * FY net profit was 89.9 million zlotys versus 74.7 million zlotys a year 
ago 
    * FY EBITDA was 115.9 million zlotys, 9 pct up year on year 
    * Lower production and sales volume were offset by operational optimization 
    * Alumetal lowered net profit for 2016 by 2.1 million zlotys and net profit 
for 2015 by 2.9 million zlotys, following the recognition of a deferred tax 
asset  
    * Its management recommends a FY dividend of 2.92 zloty per share, 44.9 
million zlotys in total 
    * The company is considering a revision of its dividend policy starting from 
the dividend payment for 2017; it could calculate and pay dividends from the 
normalized net profit 
    * The normalized net profit would be the company's consolidated net profit 
adjusted for the effect of change in the asset from unused tax relief in a given 
year 
 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM0594419  urn:newsml:reuters.com:*:nEM0594421  urn:newsml:reuters.com:*:nEM0594415 
     
 Further company coverage:  AMT.WA   
    
($1 = 3.9682 zlotys) 
 
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