RTL Group Proposes Slightly Higher Dividend For 2011

Date : 03/06/2012 @ 8:01AM
Source : Dow Jones News
Stock : Brt Apartments Corp. (MD) (BRT)
Quote : 8.0  0.0 (0.00%) @ 10:45AM

RTL Group Proposes Slightly Higher Dividend For 2011

Rtl Group (EU:RTL)
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RTL Group SA (RTL.BT), the broadcaster controlled by Bertelsmann AG (BRT.YY), Tuesday proposed a slightly higher dividend for 2011, after net profit rose, but the company declined to offer guidance for 2012.

MAIN FACTS:

-Net profit jumped 14% to EUR696 million in 2011, while earnings before interest, taxes and amortization was up 0.2% to EUR1.04 billion.

-RTL Group proposed a dividend of EUR5.10 per share, up from EUR5.00 for 2010.

-Group revenue increased 4.2% on year to EUR5.77 billion mainly due to strong revenue from units FremantleMedia and RTL Nederland.

-"Given the high volatility of the various TV advertising markets throughout Europe, it is not possible to give full-year guidance at the moment," said chief executive Gerhard Zeiler.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 

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