Brief: Kid ASA Q4 Adjusted EBITDA Rises To NOK 369.9 Mln

Kid ASA

17/02/2021 06:35

Feb 17 (Reuters) - Kid ASA  KID.OL :
    * FOURTH QUARTER 2020 RESULTS
    * FOURTH QUARTER 2020 RESULTS
    * BOARD ALSO PROPOSES AN ADDITIONAL AND EXTRAORDINARY
DIVIDEND OF
NOK 1.00 PER SHARE
    * BOARD OF DIRECTORS PROPOSES AN ORDINARY DIVIDEND OF NOK
3.40 PER
SHARE PAYABLE IN JUNE 2021
    * Q4 REVENUES INCREASED BY +6.6% TO MNOK 1097.3 (MNOK
1029.6)
    * Q4  ADJUSTED EBITDA OF MNOK 369.9 (MNOK 299.1) WHICH IS AN
INCREASE OF MNOK 70.5 COMPARED TO Q4 LAST YEAR.
    * DIVIDEND POLICY HAS BEEN REVISED AND KID IS NOW TARGETING
80-100% PAY-OUT RATIO OF ADJUSTED NET PROFIT WITH SEMI-ANNUAL
PAYMENTS Q4

Source text for Eikon:  ID:nWkr9j8LQN 
Further company coverage:  KID.OL 

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