Lar España’s Dividend Soars After Profits Of €44M In 2015

1 March 2016 – Expansión

Lar España generated a net profit of €43.6 million in 2015, which represents a thirteen-fold increase in the figure from the previous year, thanks to growth in revenues from rental assets, which quadrupled to €35.7 million.

At its next shareholders’ meeting, the Socimi will propose the distribution of a €12 million dividend, which represents a payment of €0.201 per share, in other words, six times more than the dividend paid in the previous year. “In 2014, we were one of the few companies in the sector to distribute dividends, having operated for only nine months, and this year we are going to distribute more than a quarter of last year’s profits to our shareholders”, said the President of Lar España, José Luis del Valle (pictured above).

Original story: Expansión (by R.A.)

Translation: Carmel Drake