OPAP proposes dividend of 0.40€ per share

31 March 2016
99 Views

The board of OPAP, Greece’s biggest lottery and sports betting pools provider, on Wednesday said it will propose a 0.40-euro dividend payment to shareholders at an upcoming general assembly.

With a 0.17-euro dividend already approved and disbursed, if passed, stockholders will now receive 0.23 euros per share.

EBITDA increased by 8.8 percent to 377.1 million euros.

Net profits reached 210.7 million euros, an increase of 8.1 percent. Nevertheless, net profits for Q4 decreased by 32.1 percent, or 51.7 million euros, primarily due to the payment of a 15-million-euro licensing fee for the lottery concession.

Meanwhile, the Council of State will hear a petition by OPAP against a decision to slap a further tax per gaming columns on pools offered by OPAP.

You may be interested

What is included in the F-16 deal between Greece and the US
FINANCE
shares37 views
FINANCE
shares37 views

What is included in the F-16 deal between Greece and the US

makis - Oct 18, 2017

The Defense Security Cooperation Agency (DSCA) released details on the deal for the upgrading of Greece’s F-16 fighter jet fleet…

Only 23% Greeks see economic growth in EU, survey shows
GREECE
shares48 views
GREECE
shares48 views

Only 23% Greeks see economic growth in EU, survey shows

makis - Oct 18, 2017

According to a European Parliament survey, Greeks are skeptical about joining the EU and its benefits, with only 23% believing…

Amazing footage of live fire exercise of the Greek Army!
GREECE
shares37 views
GREECE
shares37 views

Amazing footage of live fire exercise of the Greek Army!

makis - Oct 18, 2017

The Hellenic Army released a video of just one of its military activities. The live fire exercise was conducted in…

Leave a Comment

Your email address will not be published.