October 17, 2016 / 11:21 AM / 9 months ago

BRIEF-Deutsche Beteiligungs sees FY net income of 48-52 mln euros

1 Min Read

Oct 17 (Reuters) - Deutsche Beteiligungs AG

* Achieved much better than expected net income in its 2015/2016 financial year

* Earnings to significantly exceed forecast: preliminary net income of between 48 million euros ($53.76 million) and 52 million euros

* Most recent income trend does not have an influence on amount of dividend

* Assumes that dividend recommendation to shareholders at AGM will be in line with at least that of previous year, which was 1.00 euros per share

* Prime reason for exceeding its last re-confirmed forecast issued in company's quarterly statement on Q3 is improvement in stock market multiples that dbag uses to value its portfolio companies Source text for Eikon: Further company coverage: ($1 = 0.8928 euros) (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below