(AGI) – Italian Post Office has closed the year 2015 with net profit more than doubled to 552 million euro from 212 million in 2014, thanks to strong growth in profitability. “They are results that allow us to award an important dividing the main shareholder, the institutional investors who participated in our listing and the tens of thousands of Italian investors who bought the Post shares last October,” said the ‘For Francesco Caio. The company, at the Milan Stock quotatasi last fall after an IPO very successful, in fact, come off a big check of 287 million Euros to the Treasury, which is still its main shareholder with a share of 64.7% of the capital. The assembly will in fact proposed a dividend of 34 cents per share. 2015 was characterized by strong growth in total revenues, which amounted to 30.7 billion (+ 7.8%), while operating income jumped 27.4% to 880 million. Assets under management and under administration rose by 3.1% to 476 billion. The financial position of Poste is very solid, with a Solvency II ratio to 405%, seocndo to reports from CFO Luigi Ferraris in the results presentation conference call. Good prospects for 2016, the year in which Poste expects to strengthen its position in the most profitable sectors such as insurance and finance, “integrating its offer with asset management instruments.” Postal services will be subject to further restructuring, which began in 2015 “by appealing to the new regulatory framework and on possible improvements in efficiency through the implementation of new delivery model.” As for the dividend, it is expected benches in 2016 a payout of 80% of income, reported the CEO Francesco Caio,
03/22/2016 20:15:01
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