KBC Ancora closes financial year 2016/2017 with a profit of EUR 843.2 million, principally due to dividend income and reversal of impairments

31 August 2017

Leuven, 31 August 2017 (20.00 CEST)

KBC Ancora recorded a profit of EUR 843.2 million in the financial year 2016/2017, equivalent to EUR 10.77 per share. This compares with a loss of EUR 21 million in the previous financial year. The result in the second half of the financial year was EUR 776 million, or EUR 9.91 per share.
KBC Ancora’s recurring result amounted to EUR 196.7 million. This was the product of dividend income from the participating interest in KBC Group (EUR 217 million), operating expenses (EUR 2.3 million) and interest charges (EUR 18.1 million).
In addition, KBC Ancora recorded a partial reversal of impairments of its participating interest in KBC Group (EUR 646.5 million). KBC Ancora does not take this non-recurring result into account in the calculation basis for dividend. KBC Ancora distributed an interim dividend of EUR 2.13 per share in June 2017 and, as announced earlier, will not distribute a final dividend. 

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