Finmeccanica FY net up sharply on capital gains; hikes ord div 13 pct |
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Tue, 27 Mar 2007 17:45
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MILAN (AFX) - Finmeccanica SpA said net profit rose sharply in the full year to 1.020 bln eur, from 396 mln in 2005, boosted by capital gains on sales of stakes in its activities, as previously announced.In its final results, Finmeccanica confirmed EBIT profit up 19 pct to 878 mln eur, and sales up 14 pct to 12.472 bln, as announced in February.'Taking account of its undisputed technological excellence, Finmeccanica can look forward with confidence to a future of further growth on international markets,' said chairman and CEO Pier Francesco Guarguaglini.Finmeccanica is expected to upgrade its long-term forecasts at an analyst meeting tomorrow morning.On dividend, Finmeccanica said its ordinary dividend will rise 13 pct to 0.35 eur per share. Last year, the company paid 0.50 eur, which included 0.19 eur related to one-off gains.nigel.tutt@thomson.comnt/sljCOPYRIGHTCopyright AFX News Limited 2007. 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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