Brief: SGT FY Net Profit At EUR 14 Mln

German Tech Holding GmbH & Co. KGaA

04/07/2022 08:28

July 4 (Reuters) - SGT GERMAN PRIVATE EQUITY GMBH & CO KGAA
 SGFn.DE :
    * DGAP-NEWS: SGT GERMAN PRIVATE EQUITY GMBH & CO. KGAA: SGT
GERMAN
PRIVATE EQUITY PROPOSES DIVIDEND  TO ITS SHAREHOLDERS FOR THE
FIRST TIME
    * DIVIDEND OF 2 CENTS PER SHARE
    * PROFIT 2021 SIGNIFICANTLY HIGHER THAN EXPECTED
    * ANNOUNCEMENT OF A SHARE BUYBACK IN A VOLUME OF 10 CENTS
PER
SHARE
    * WITH NET EARNINGS OF 14 MILLION EUR OR 44 CENTS PER SHARE
IN
PAST FINANCIAL YEAR, SGT GERMAN PRIVATE EQUITY SIGNIFICANTLY
EXCEEDS MARKET EXPECTATIONS, ITS OWN FORECASTS AND ESTIMATES
(IFRS CONS., 2020: -5 CENTS)
    * FROM THIS YEAR ON SGF PLANS TO CARRY OUT A SHARE BUYBACK
AND/OR
DIVIDEND PAYMENT EACH FISCAL YEAR FOR PROFIT DISTRIBUTION, WHILE
RETAINING A PORTION OF PROFITS AND INVESTING THEM IN PRIVATE
EQUITY OPPORTUNITIES GENERATED BY ITS SUBSIDIARY SGTPTE
    * IN RELATION TO ACTUAL NUMBER OUTSTANDING SHARES AS OF
TODAY OF
49,801,800 NET RESULT STILL AMOUNTS TO 28 CENTS PER SHARE
    * IFRS FINANCIAL STATEMENTS ARE TO BE BASED ON AN AVERAGE OF
33,133,219 SHARES ACROSS FINANCIAL YEAR

Source text for Eikon:  ID:nEQ8h8jB6a 
Further company coverage:  SGFn.DE 

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