By
Reuters
Published
Mar 27, 2012
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Sioen ups dividend while profits fall

By
Reuters
Published
Mar 27, 2012

BRUSSELS - Belgian speciality textile group Sioen Industries posted a slightly lower net profit for 2011 but said it would up its dividend as it was confident about the new year.

Sioen
Sioen Industries

Sioen said its margins were impacted by volatile raw materials prices, causing the net result from continuing operations to fall 2.8 percent to 13.42 million euros ($17.88 million).

The group said it aimed to pay a dividend of 0.27 euros per share, up from 0.25 in 2010.

Reporting By Robert-Jan Bartunek; Editing by Mike Nesbit

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