Brief: High Co FY net profit up 34.7 pct at 8.7 mln euros

High SA

21/03/2017 17:04

March 21 (Reuters) - High Co SA  HIGH.PA : 
    * Reports FY gross margin (gross profit) 81.1 million euros  
($87.7 million) versus 72.0 million euros year ago 
    * FY recurring operating income is 12.4 million euros versus 
10.0 million euros a year ago 
    * FY net profit group share is 8.7 million euros versus 6.4 
million euros a year ago 
    * A record dividend of 0.12 euros per share, (26.3 pct 
increase) will be proposed at the next AGM on May 22, 2017 
    * Expects growth in 2017 gross profit of more than 4 pct 
like for like (2016 gross profit: up 11.8 pct like for like) 
    * Expects for 2017 increase in adjusted headline PBIT equal 
to or greater than 6 pct (adjusted 2016 headline PBIT: 14.10 
million euros) 
    * Expects for 2017 rise in adjusted operating margin equal 
to or greater than 50 BP (2016 operating margin: 17.4 pct) 
 
Source text: http://bit.ly/2n4pnSi 
Further company coverage:  HIGH.PA  
 
($1 = 0.9247 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))