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