KBC Ancora closes financial year 2018/2019 with a profit of EUR 253.7 million. Limited adjustment of dividend policy with a view to accelerating debt reduction.

30 August 2019

Leuven, 30 August 2019 (17.40 hrs CET)

KBC Ancora recorded a profit of EUR 253.7 million in the financial year 2018/2019, equivalent to EUR 3.24 per share. This compares with a profit of EUR 215.0 million in the previous financial year.
The full-year result was determined by the combination of dividend income from the participating interest in KBC Group (EUR 271.3 million), operating costs (EUR 2.5 million) and interest charges (EUR 15.1 million).
The result in the second half of the financial year was EUR 185.1 million, or EUR 2.36 per share.
KBC Ancora distributed a gross interim dividend of EUR 3.08 per share on 6 June 2019 and, as previously announced, will not pay a final dividend.
The Board of Directors has decided to make a limited adjustment to the dividend policy with effect from the financial year 2019/2020, with a view to accelerating the reduction of debt.

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