Brief: Franchi Umberto Marmi FY Net Income Down At EUR 10.3 Mln

Franchi Umberto Marmi SpA

18/03/2021 16:56

March 18 (Reuters) - Franchi Umberto Marmi SpA  FUMA.MI :
    * FY TOTAL REVENUE EUR 51.2 MILLION VERSUS EUR 65.2 MILLION
YEAR
AGO
    * FY NET INCOME EUR 10.3 MILLION VERSUS EUR 16.6 MILLION
YEAR AGO
    * PROPOSED DIVIDEND OF €0.241/SHARE  CORRESPONDING TO A
PAYOUT
RATIO OF 70% AND A DIVIDEND YIELD OF 2.9%
    * FIRST MONTHS OF 2021 CONFIRM RECOVERY TREND HIGHLIGHTED
DURING
LAST QUARTER OF 2020 IN  TERMS OF BOTH REVENUES AND
PROFITABILITY
    * SUSTAINED REVENUE GROWTH IN LAST QUARTER COMPARED TO BOTH
PREVIOUS PERIOD  OF 2020 AND SAME PERIOD OF 2019

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA6FN4HT
Further company coverage:  FUMA.MI 

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