HeidelbergCement (HDELY.PK) reported that its fiscal 2012 group share of profit declined to 301.2 million euros from 348.1 million euros in the prior year. On a per share basis, profit was 1.61 euros, down from 1.86 euros in the previous year.
Annual profit increased to 545.1 million euros from 534.2 million euros in the prior year. Profit before tax from continuing operations was 607.4 million euros down from 794.2 million euros last year.
Operating revenue for the year increased to 14.07 billion euros from 12.94 billion euros in the prior year.
The company said that its Managing Board has set the objective of further increasing revenue and operating income in 2013 and significantly improving profit before tax.
The company said that the Managing Board and Supervisory Board will propose to the Annual General Meeting on 8 May 2013 to increase the dividend by 34% to 0.47 euros per share, compared to 0.35 euros per share paid last year.
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