BAUER AG (BRAGF.PK) posted a 14.3% lower IFRS net profit of 34.1 million euros compared with the previous year's 39.8 million euros, with earnings per share dropping 8.8% to 1.86 euros from 2.04 euros a year ago.
However, total Group revenues rose 5.2 percent to 1.37 billion euros from 1.31 billion euros in the prior-year period.
For 2012, the Group anticipates that net profit would be about 35 million euros, and EBIT of around 85 million euros, also expecting steady growth of five to ten percent, raising total Group revenues to 1.45 billion euros.
Additionally, the Management Board and Supervisory Board propose that a modestly reduced dividend of 0.50 euros per share be paid, corresponding to a dividend ratio of about 27 percent referred to earnings after deducting minority interests.
by RTT Staff Writer
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