Sogefi dips as much as 8.6% as it does not pay dividend

Sogefi SpA

24/02/2023 13:47

** Shares in Italy's Sogefi  SGFI.MI  fall as much as 8.6% after
it reported full-year results on Friday
    ** A trader told Reuters that the share drop is related to
the company's announcement that it will not distribute dividends
to shareholders on 2022 results at a time when rising bonds
yields offer investment alternatives
        ** Sogefi posted a full-year EBITDA of 194.7 million
euros ($205.41 million) and a net profit of 29.6 million euros,
a sharp rise from the 2 million euros reported in 2021
    ** At 1340 GMT, shares trade at 1.184 euro, down 3.58%      
($1 = 0.9479 euros)
 (Reporting by Alberto Chiumento, editing by Gianluca Semeraro)
 ((alberto.chiumento@thomsonreuters.com))