Brief: KBC Ancora FY 21/22 Result After Taxes Up At EUR 804.8 Mln

Kbc Ancora NV

26/08/2022 17:01

Aug 26 (Reuters) - KBC Ancora BV  KBCA.BR :
    * CLOSES FINANCIAL YEAR 2021/2022 WITH A PROFIT OF EUR 804.8
MILLION
    * H2 PROFIT AFTER TAX 580.9 MILLION EUR
    * H2 EARNINGS PER SHARE 7.42 EUR
    * KBC ANCORA RECORDED A PROFIT OF EUR 804.8 MILLION IN
FINANCIAL
YEAR 2021/2022
    * RESULT IN SECOND HALF OF FINANCIAL YEAR WAS EUR 580.9
MILLION,
OR EUR 7.42 PER SHARE
    * KBC ANCORA DISTRIBUTED A GROSS INTERIM DIVIDEND OF EUR
2.30 ON 9
DECEMBER 2021AND EUR 6.49 PER SHARE ON 9 JUNE 2022; ASANNOUNCED,
IT WILL NOT DISTRIBUTE A FINAL DIVIDEND
    * FY OPERATING INCOME EUR 39 MILLION VERSUS EUR 53 MILLION
YEAR
AGO
    * BARRING UNFORESEEN CIRCUMSTANCES, KBC ANCORA WILL COMPLETE
ONGOING SHARE REPURCHASE PROGRAMME DURING COURSE OF FINANCIAL
YEAR 2022/2023. THIS IMPLIES A FURTHER INVESTMENT OF EUR 45.7
MILLION
    * FY INCOME EUR 821.7 MILLION VERSUS EUR 545.9 MILLION YEAR
AGO
    * BARRING EXCEPTIONAL OR UNFORESEEN CIRCUMSTANCES, KBC
GROUP'S
DIVIDEND POLICY IS TO AIM FOR A DIVIDEND PAYOUT RATIO (INCLUDING
COUPON ON OUTSTANDING ADDITIONAL TIER-1 INSTRUMENTS) OF AT LEAST
50% OF CONSOLIDATED PROFIT
    * COSTS WITHIN COST-SHARING AGREEMENT WITH CERA ARE EXPECTED
TO
AMOUNT TO APPROXIMATELY EUR 2.0 MILLION
    * TOTAL INTEREST CHARGES FOR FINANCIAL YEAR 2022/2023 ARE
ESTIMATED AT APPROXIMATELY EUR 9.2 MILLION
    * OTHER OPERATING COSTS ARE LIKELY TO BE AROUND EUR 1.3
MILLION
    * TOTAL ASSETS STOOD AT EUR 3.68 BILLION ON 30 JUNE 2022, UP
EUR
15.9 MILLION ON PREVIOUS FINANCIAL YEAR
    * END-JUNE DEBT (TOTALLING EUR 243.9 MILLION, INCLUDING
FINANCIAL
DEBT OF EUR 243 MILLION) REDUCED BY EUR 100.6 MILLION COMPARED
WITH POSITION AS AT BALANCE SHEET DATE IN PREVIOUS FINANCIAL
YEAR

Source text for Eikon:  ID:nGNEbWSswy 
Further company coverage:  KBCA.BR 

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