(CercleFinance.com) – Gimv announced on Thursday that it had achieved a record net profit for its 2023-2024 financial year, thanks to the remarkable performances achieved by its portfolio companies.
The Belgian investment company says it generated a net profit group share of 217.1 million euros, or 7.8 euros per share, in the financial year ended at the end of March, compared to a loss of 59.5 million euros (-2.2 euros per share) at the end of the previous financial year.
In its press release, the group highlights the growth achieved by the companies in its portfolio, whose turnover increased by 15% for an increase of 20% in operational profitability.
Taking into account the cash proceeds from its divestments (364.6 million euros, an amount doubled from one year to the next), the return on its portfolio reached a total of 19.1%.
Gimv, whose assets now exceed 1.55 billion euros, says it plans a stable annual dividend of 2.6 euros.
Listed on the Brussels Stock Exchange, the stock fell by around 0.6% on Thursday following this publication.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
