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ESL Shipping’s announces Q4 positive

Logistic News - Published on Mon, 18 Feb 2019

Image Source: SteelGuru
Aspo’s net sales increased and were EUR 540.9 (502.4) million.
– Operating profit, adjusted by an impairment loss of EUR 4.8 million recognized on goodwill, increased and was EUR 25.4 (23.1) million.
– Operating profit decreased and was EUR 20.6 (23.1) million.
– Profit for the period stood at EUR 14.2 (19.4) million.
– Earnings per share, adjusted by an impairment loss recognized on goodwill, increased to EUR 0.57 (0.56).
– Earnings per share decreased and were EUR 0.42 (0.56).
– The operating profit of ESL Shipping was EUR 15.1 (13.5) million, Leipurin EUR 3.3 (3.1) million, Telko EUR 12.1 (10.8) million and Kauko EUR -4.7 (-0.2) million.
– Net cash from operating activities improved and was EUR 20.3 (17.4) million.

October-December 2018
– Aspo’s net sales increased by 18.3% to EUR 156.6 (132.4) million.
– Operating profit, adjusted by an impairment loss recognized on goodwill, increased and was EUR 7.4 (6.5) million.
– Operating profit decreased and was EUR 2.6 (6.5) million.
– Profit for the quarter stood at EUR 0.8 (5.5) million.
– Earnings per share, adjusted by an impairment loss recognized on goodwill, increased to EUR 0.17 (0.16).
– Earnings per share were EUR 0.02 (0.16).
– The operating profit of ESL Shipping increased to EUR 4.2 (4.1) million. The operating profit of Leipurin improved to EUR 0.8 (0.7) million. The operating profit of Telko went up to EUR 3.4 (3.0) million. The operating profit of Kauko decreased to EUR -4.4 (0.0) million.

– The second installment of dividends of EUR 0.22 per share was paid on November 5, 2018.

Aspo’s guidance for 2019

Aspo’s operating profit will be EUR 28-33 (20.6) million in 2019.

Proposal of the Board of Directors for the payment of dividends

The Board of Directors proposes that EUR 0.44 (0.43) per share be distributed in dividends for the 2018 financial year, and that the dividend be paid in two installments. Furthermore, the Board of Directors proposes that the first installment of EUR 0.22 per share be paid in April and the second installment of EUR 0.22 per share be paid in November.

Source :

Posted By : Joykumar Irom on Mon, 18 Feb 2019
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