Profil:
Erbud SAErbud builder assumes dividend payments of 30-70 pct of consolidated net profit in 2025-2030
Listed builder Erbud assumes dividend payments of between 30 and 70 percent of consolidated net profit generated in the previous financial year in 2025-2030, considering the group's financial position, the management board told a conference following the publication of the group's annual financial report.
"The dividend policy is unchanged. (...) This dividend payout today may be questionable, but we want to share with shareholders. Our cash level is safe, so we want to maintain the minimum dividend level and pay out more with higher profits," CEO Dariusz Grzeszczak said.
On Wednesday, Erbud's board recommended that a total of PLN 20.04 million (EUR 4.8 mln) be distributed as dividend, which translates into a dividend of PLN 1.68 (EUR 0.4) per share.
According to the proposal, the entire group's net profit for 2024 financial year, i.e. PLN 17.2 million (EUR 4.1 mln), is to be allocated to dividends. PLN 2.8 million (EUR 668k) will come from the company's reserve capital.
In 2024, Erbud's shareholders decided to allocate PLN 20.04 million (EUR 4.8 mln) from the 2023 profit to the payment of dividends, which translated into the dividend of PLN 1.68 (EUR 0.4) per share.
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