H&R WASAG: Sale of explosives division boosts revenues and financial statements figures overall
Extraordinary revenue of approximately EUR15 million
According to provisional figures, the H&R WASAG group's sale of the explosives division in April generated extraordinary earnings of about EUR15 million. This inflow of funds is having a positive impact on the key figures in the financial statements. According to provisional figures, net financial debt as of the end of April fell to a level of between EUR10 million and EUR15 million, having stood at EUR70.3 million at the end of Q1. At the same time, according to provisional figures the equity ratio (ratio of equity to total assets) rose to a level of between 45% and 50%, having been at 35% on March 31, 2007.
In light of these figures for earnings and the financial statements overall, the dividend payout for the past business year is to be increased by a bonus of EUR0.10, to EUR0.70. The management team will propose this modified dividend payment at the annual shareholders' meeting on July 19, 2007.
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