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Learn moreThe General Meeting of Shareholders of R22 has approved a dividend payment of PLN 4.23 million, equivalent to PLN 0.30 per share. Under the dividend policy adopted in September, the company will pay out at least 30% of consolidated net profit attributable to shareholders of the parent company. In the financial year ended 30 June 2019, this profit stood at PLN 11.6 million – 70% higher than the year before.
Based on the closing price on 7 October, the dividend yield amounts to 1.52%, with a payout ratio of 36.6% of consolidated net profit attributable to shareholders of the parent company. In line with the dividend policy adopted a month earlier, the company will pay out at least 30% of profit annually. The absolute value of the dividend per share is also intended to grow systematically over time.
– Even at the time of our IPO, we signalled our intention to share profits with our shareholders. In the past year we delivered record results, which allows us to fulfil this commitment both through a share buyback and through a dividend. We want the nominal dividend value to grow consistently from year to year. – says Jakub Dwernicki, CEO of R22.
The dividend approved by shareholders is the first in R22’s history. The dividend record date has been set at 15 October, with payment scheduled for 22 October. Earlier, in late June and early July, the company completed a share buyback of PLN 2 million, through which R22 repurchased 80,000 of its own shares.
In 2018/2019, the Group generated PLN 145.6 million in revenue and PLN 37.9 million in normalised EBITDA (up 39% year-on-year). Net profit rose 59% to PLN 16.7 million, while net profit attributable to shareholders of the parent company amounted to PLN 11.6 million – a 70% increase year-on-year.
