on DNXCORP (EPA:DNX)
DNXcorp Financial Results for the year 2023
DNXcorp, operating from Luxembourg, has published its financial results for the year 2023, showing solid growth with a turnover of €22.0 million, marking an increase of 9.3% compared to the year former. Operating profit amounted to €7.0 million, observing a significant increase of 51.7% due to the strategic acquisition of PK Multimedia.
The group recorded a net profit of €5.3 million, an increase of 31.9% compared to 2022. This increase is notable even considering a higher tax expense for the year. The performance of the second half shows continuity in growth with a turnover of €11.1 million, an increase of 6.6% compared to the same half of the previous year.
Despite a negative financial result, mainly due to exchange rate losses, cash flow remains healthy at €4.1 million, with a total absence of bank loans. DNXcorp also announced a dividend of €1.75 per share for 2023, with an additional payment planned for 2024. The next financial publication is expected on September 25, 2024.
R. E.
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