KBC Ancora closes financial year 2019/2020 with a profit of EUR 60.8 million

28 August 2020

Leuven, 28 August 2020 (17.40 hrs CET)

KBC Ancora recorded a profit of EUR 60.8 million in the financial year 2019/2020, equivalent to EUR 0.78 per share. This compares with a profit of EUR 253.7 million in the previous financial year. The full-year result was determined by the income from the interim dividend received on the participating interest in KBC Group (EUR 77.5 million), operating costs (EUR 2.2 million) and interest charges (EUR 14.5 million). The result in the second half of the financial year was EUR -8.2 million, or EUR -0.11 per share.

As announced on 2 April 2020, the Board of Directors of Almancora Société de gestion, statutory director of KBC Ancora, decided not to distribute an interim dividend in respect of the financial year 2019/2020 and not to propose payment of a final dividend.

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