March 6, 2018 / 6:21 AM / 5 months ago

BRIEF-Coltene Holding FY Net Profit Of CHF 19.1 Million, Up 10.4 Pct

March 6 (Reuters) - COLTENE HOLDING AG:

* FY NET PROFIT OF CHF 19.1 MILLION, UP 10.4%

* FY OPERATING PROFIT (EBIT) ROSE TO CHF 25.5 MILLION, 9.3% MORE THAN THE PRIOR-YEAR FIGURE (2016: CHF 23.3 MILLION)

* BOARD OF DIRECTORS WILL PROPOSE A DIVIDEND OF CHF 3.00 PER SHARE

* INTENDS TO ACHIEVE FURTHER SALES AND EBIT MARGIN GROWTH OVER THE MEDIUM TERM

* EXPECTS ITS TAX EXPENSE TO DECLINE BY APPROXIMATELY CHF 1 MILLION AS OF FISCAL 2018 DUE TO THE REDUCTION IN CORPORATE TAX RATES IN THE US

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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