Drillisch Plans to Raise Dividend 40 Percent After Profit Rises
Drillisch AG (DRI), a German provider of low-cost phone services, proposed to raise its dividend for last year by 40 percent after 2011 profit increased.
The company plans to pay 0.70 euro per share to its stockholders, Maintal, Germany-based Drillisch said in a statement today. Earnings before interest, taxes, depreciation and amortization, or Ebitda, advanced to 51.4 million euros in 2011 from 46.1 million euros a year earlier.
Drillisch forecasts Ebitda “adjusted for special factors,” which rose to 52.6 million euros in 2011, to increase to 58 million euros this year, the company said.
To contact the reporter on this story: Niklas Magnusson in Hamburg at Nmagnusson1@bloomberg.net
To contact the editor responsible for this story: Angela Cullen at firstname.lastname@example.org