AD HOC RELEASE April 28, 2017
Decheng Technology AG: Successful fiscal year 2016
Cologne, April 28, 2017. Decheng Technology AG (ISIN: DE000A1YDDM9; German Securities Identification Number (WKN): A1YDDM; ticker symbol: 333), a Chinese manufacturer of polyurethane resin and additives, today announced the result for fiscal year 2016 (January 1 to December 31).
Increase in revenues, EBIT and gross profit
Group revenues in fiscal year 2016 amounted to EUR 75.8 million, corresponding to an increase of 8.67% as compared to 2015 (EUR 69.8 million). Main sales driver were polyurethane resins for fabric coatings with sales amounting to 40.74% of total sales. The gross profit in the period under review rose to EUR 28.8 million, corresponding to an increase of 7.94% as compared to the previous year. The gross profit margin for fiscal year 2016 was 38.02%. The result from operations (EBIT) also showed an increase and rose by 4.72% to EUR 25.3 million (previous year EUR 24.2 million). The EBIT margin was 33.14%, due to higher administration costs in fiscal year 2016, mainly in connection with the IPO. Earnings after tax amounted to EUR 18.46 million, earnings per share were EUR 0.88.
Dividend of EUR 0.10 per share proposed
The Company’s Supervisory Board approved a proposition of the Management Board that a dividend of EUR 0.10 per share may be paid for fiscal year 2016. The General Meeting held in August 2017 will vote on this proposal. The proposed dividend corresponds to a dividend yield of 5%.
The consolidated financial statements are available at dechengtechnology.com > Investor Relations > Downloads.
Contact:
VPC Group
Frankfurt Branch
Bleichstr. 64-66
60313 Frankfurt
Germany
+49 69 175371963
ir@dechengtechnology.com
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