Cimpor - Cimentos de Portugal will distribute a dividend of 0.19 euro per share on its 2005 earnings, the company said in a note to Portugal’s national bourse regulator CMVM on May 8, 2006. The dividend will be paid to both resident and non-resident shareholders.
Cimpor will start to pay out the dividend as of June 2, 2006. Shares of the company will be traded without dividend rights as of May 30, 2006. Cimpor shares closed up 1.05 pct to 5.76 euro per share on Portugal’s stock exchange Euronext Lisbon on May 8, 2006.
Cimpor registered a net profit of 266.2 mln euro for 2005, up from 256.1 mln euro in the previous year. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) grew by some 44 mln euro reaching 495.8 mln euro in 2005. The strong EBITDA rise reflected mainly Cimpor’s performance on the markets in Spain and Egypt in the period.