Axel Springer FY EBITA rises to 374 mln eur from 338 mln, to double div |
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Published
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Wed, 21 Feb 2007 11:32
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FRANKFURT (AFX) - Axel Springer AG said full-year 2006 EBITA rose to 374 mln eur from 338 mln a year earlier and proposed to more than double its dividend.Net profit grew to 291 mln eur from 231 mln, boosted partly by a tax gain, the German publisher said in a statement.Total sales fell to 2.376 bln eur from 2.392 bln. Springer said this was because sales from its rotogravure printing business, which it transferred to a joint venture in 2005, were no longer included in last year's results.Springer said sales from its core business -- which includes advertising revenues -- climbed to 2.191 bln eur from 2.165 bln.Springer proposes to pay a dividend of 3.50 eur per share for the 2006 fiscal year, up from 2005's 1.70 eur payout.newsdesk@afxnews.comjfb/lamCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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