on TINC (EBR:TINC)
Strong Interim Results and New Investments for TINC
TINC NV has published its interim results for the first half of 2024, showcasing a net profit of €18.0 million, equating to €0.50 per share. This strong outcome is further complemented by new investment commitments totaling €50 million aimed at enhancing future infrastructure.
The company's portfolio returned €21.9 million for the period, translating to an annualized return of 9.4%. Portfolio cash receipts during the reporting period amounted to €23.1 million. Shareholders' equity stood at €482 million after dividend deductions.
TINC's investment portfolio, valued at €489 million, includes participations in Belgium, France, Ireland, and the Netherlands. The company committed €50.2 million to new investments, notably €30 million to Storm Group and €7.4 million for a stake in Azulatis.
Additionally, TINC has proposed a gross distribution of €0.58 per share, subject to approval, for the current fiscal year. Moving forward, TINC aims to expand its investment portfolio, supported by a strong balance sheet and experienced team.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all TINC news