Brief: Brederode FY Net Profit Down At 262 Million Euros

Brederode SA

11/03/2021 16:45

March 11 (Reuters) - BREDERODE SA  BRED.BR :
    * NET PROFIT FOR 2020 FINANCIAL YEAR WAS EUR 262 MILLION,
DOWN 43%
YOY
    * PROPOSED DIVIDEND OF EUR 1.08 PER SHARE (+6%)
    * FY OPERATING RESULT EUR 260.96 MILLION VERSUS EUR 455.4
MILLION
YEAR AGO
    * AT END-FY, BREDERODE AND SUBSIDIARIES NET FINANCIAL DEBT
OF EUR
47 MILLION VERSUS EUR 52.6 MILLION AT END-2019
    * AT END-FY, BREDERODE AND SUBSIDIARIES CASH AND CASH
EQUIVALENTS
AT EUR 17.99 MILLION VERSUS EUR 17.36 MILLION YEAR AGO
    * ON CORONAVIRUS: STILL NOT POSSIBLE TO DETERMINE INDIRECT
IMPACT
IT WILL HAVE ON BREDERODE’S 2021 FINANCIAL YEAR
    * REAFFIRMS SUPPORT FOR POLICY OF REGULAR GROWTH IN
DISTRIBUTION
TO SHAREHOLDERS, WHICH IT DOES NOT CONSIDER TO BE UNDER ANY
THREAT

Source text for Eikon:  ID:nNDL1zxMVt 
Further company coverage:  BRED.BR 

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