Plus   Neg

Dragerwerk FY Profit, Sales Up

German medical and safety technology provider Draegerwerk AG (DRWKF.PK) Thursday reported that its net profit for the full year rose to 98.5 million euros from last year's 81.7 million euros. Earnings per share increased to 4.12 euros from 3.40 euros.

EBIT, or Earnings Before Interest and Taxes, for the year grew 13.7 percent to 44.8 million euros.

Annual net sales rose nearly 2 percent to 2.572 billion euros.

In addition, the Group said its Executive Board and the Supervisory Board will propose a dividend of 0.46 euros per preferred share and 0.40 euros per common share to the annual shareholders' meeting on May 4, 2018.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
California's insurance regulator has filed a lawsuit against AbbVie Inc. for allegedly giving illegal kickbacks to health care providers to prescribe its arthritis drug Humira. The lawsuit filed in Alameda County Superior Court by the California Department of Insurance alleges that private insurers have paid out $1.2 billion in Humira-related pharmacy claims. Danske Bank A/S's Chief Executive Thomas Borgen resigned on Wednesday after the Danish lender announced the results of an internal probe relating to a money-laundering scandal in its branch in Estonia that involved payments of about 200 billion euros. Danske Bank said its investigation covered about 15,000 customers and a total of around 9.5 million payments through the branch. The Competition and Markets Authority (CMA) in the United Kingdom confirmed Wednesday that the proposed merger between J Sainsbury plc (JSAIY.PK, SBRY.L) and Asda Group Ltd. is being referred for an in-depth Phase 2 investigation. CMA noted that the deal raises sufficient concerns through its Phase...
Follow RTT