Vienna Insurance Group to raise 2006 div on 30 pct pretax profit increase UPDATE |
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Tue, 23 Jan 2007 09:58
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(updates with group sales - graph three)VIENNA (AFX) - Wiener Staedtische Versicherung (Vienna Insurance Group) said today it will raise its full year dividend to 0.80 eur from 0.66 eur after posting an increase of over 30 pct in preliminary pretax profit for 2006 of between 315-320 mln eur.The Austrian insurance company, currently rebranding itself as Vienna Insurance Group, accredited the increase in group net profit to continued growth in the Central and Eastern European (CEE) markets.The group reported sales of 6.12 bln eur for 2006, an increase of 17 pct year-on-year. Almost 40 pct of turnover, 2.31 bln eur, was generated in the CEE region, Vienna said.Shares in Vienna Insurance group last traded at 55.56 eur, down 1.14 pct or 0.64 eur, while the ATX closed up 0.53 pct at 4,417.28.fiona.flanagan@thomson.comff/gpCOPYRIGHTCopyright 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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Vienna Insurance Group to raise 2006 div on 30 pct pretax profit increase 