Essilor International (ESLOY.PK,ESLOF.PK) reported fiscal 2012 pretax profit of 837.55 million euros compared to 697.58 million euros prior year. Profit to equity holders increased to 584 million euros or 2.77 euros per share from 506 million euros or 2.41 euros per share last year. Revenue increased to 4.99 billion euros from 4.19 billion euros last year.
Essilor Board will recommend paying a dividend of 0.88 euros per share at the Annual General Meeting of shareholders. The dividend will be paid as from June 4, 2013.
The company said, in 2012, its gross margin rose by 40 basis points to 55.8 percent. The improvement reflected manufacturing productivity gains, generated by the sharp rise in volumes, and the success of new products, particularly the Crizal UV anti-reflective lens.
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