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Comment on financial results: Philip Morris CR: Results in line with our estimates, dividend CZK1,220

27/03/2024 13:51

Philip Morris CR's (PMCR) results for the second half of last year and for the year as a whole were slightly lower than in the previous year. Revenues for the second half of the year amounted to CZK10.9bn (-2.5% yoy), while net profit was CZK1.7bn (-6.4% yoy). PMCR proposes to the AGM to approve a dividend of CZK1,220 per share, which represents a (gross) yield of +7.8%. The reported figures are almost in line with our forecasts. Operating profit was slightly better (+4.0%) than we expected.

Autor: Bohumil Trampota
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