German holding company Porsche Automobil Holding SE (PAH3.XE)
Wednesday proposed a dividend increase for 2012 for preference and
ordinary shares.
MAIN FACTS:
-The dividend per preference share proposal for 2012 amounts to
EUR2.01 ($2.62), up from EUR0.76 for 2011, while the 2012 dividend
per ordinary share proposal is EUR2.00, up from EUR0.75 for
2011.
-The dividend proposal follows higher after-tax profit for the
year at EUR7.83 billion, compared with EUR59 million in 2011.
-The higher after-tax profit is mainly due to the contribution
of the holding business operations of Porsche SE to Volkswagen AG
(VOW.XE), from which the company received a cash inflow of EUR4.49
billion.
-Porsche SE expects 2013 profit to be in the low single-digit
billion euro range.
-The dividend proposal will be presented to shareholders at the
annual shareholders' meeting on April 30, 2013.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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