Brief: KBC Ancora H1 Profit At EUR 72.9 Mln In

Kbc Ancora NV

26/01/2024 16:51

Jan 26 (Reuters) - Kbc Ancora NV  KBCA.BR :
    * RECORDED A PROFIT OF EUR 72.9 MILLION IN FIRST HALF OF
FINANCIAL
YEAR 2023/2024
    * THIS COMPARED WITH A PROFIT OF EUR 71.3 MILLION IN SAME
PERIOD
IN PREVIOUS FINANCIAL YEAR
    * RESULT FOR FIRST SIX MONTHS OF FINANCIAL YEAR WAS
DETERMINED
PREDOMINANTLY BY DIVIDEND INCOME TOTALLING EUR 77.5 MILLION FROM
PARTICIPATING INTEREST IN KBC GROUP
    * OPERATING COSTS OF EUR 1.6 MILLION AND INTEREST CHARGES
AMOUNTING TO EUR 3.5 MILLION
    * A LOAN TOTALLING EUR 73 MILLION MATURES IN MAY 2024. BASED
ON
ITS CASH PLANNING, KBC ANCORA HAS SUFFICIENT FUNDS AVAILABLE TO
REPAY THIS LOAN.
    * EXPENSES IN SECOND HALF OF CURRENT FINANCIAL YEAR
(2023/2024)
WILL CONSIST PRINCIPALLY OF INTEREST CHARGES PLUS USUAL LIMITED
OPERATING EXPENSES
    * ESTIMATES TOTAL EXPENSES IN RESPECT OF FULL FINANCIAL YEAR
2023/2024 AT APPROXIMATELY EUR 10 MILLION
    * A LOAN TOTALLING EUR 73 MILLION MATURES IN MAY 2024. BASED
ON
ITS CASH PLANNING, KBC ANCORA HAS SUFFICIENT FUNDS AVAILABLE TO
REPAY THIS LOAN
    * WILL TAKE DECISION AT END OF MAY 2024 ON WHETHER TO
DISTRIBUTE
INTERIM DIVIDEND IN JUNE 2024 IN RESPECT OF FINANCIAL YEAR
2023/2024

Source text for Eikon:  ID:nGNE4PkyHF 
Further company coverage:  KBCA.BR 

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