logo
Share SHARE
FONT-SIZE Plus   Neg

BAUER 2011 Profit Slips - Quick Facts

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
PayPal, the online payment unit of Ebay, said it has agreed to buy mobile payment company Paydiant as part of efforts to expand its mobile offerings for merchants. The deal comes at a time when the mobile payment space is suffused with prominent players like Apple and Google, with retailers seeking their own mobile payment applications. Google plans to launch a limited-scale U.S. wireless service, which while not taking on the big players in the industry, would nonetheless incorporate technical innovations that could be absorbed the carriers. This was announced by Sundar Pichai, a top Google executive, at the ongoing World Mobile Congress in Barcelona. Consumers used to steep discount on gas are seeing an increase in the price of the fuel in the past few weeks, accentuated by a surge in California, with refinery maintenance and unexpected events acting as catalysts. The price increase comes amid a globally volatile scenario where supply continues to exceed demand, and U.S. energy companies rethink their exploration and production strategy.
comments powered by Disqus
Follow RTT