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7 months ago
BRIEF-Grenke FY 2016 consolidated group net profit up at 103.2 mln euros
February 8, 2017 / 6:13 AM / 7 months ago

BRIEF-Grenke FY 2016 consolidated group net profit up at 103.2 mln euros

Feb 8 (Reuters) - Grenke AG:

* Proposed dividend of 1.75 euros per share

* FY consolidated group net profit rises 27.7% to 103.2 million euros ($110.21 million)

* Further growth in 2017: expected increase of 11-16% in new business in leasing and 12-20% in factoring

* Expected consolidated group net profit of 113-123 million euros for 2017

* FY interest and similar income from financing business increased 9.2% from 239.0 million euros in previous year to 261.0 million euros

* FY consolidated group's income from operating business increased 18.4% from 232.1 million euros in previous year to 274.8 million euros Source text for Eikon: Further company coverage: ($1 = 0.9364 euros) (Gdynia Newsroom)

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