ASML Holding Net Profit Rose 22% to Cap Off Record Year
January 23 2019 - 2:02AM
Dow Jones News
By Oliver Griffin
ASML Holding NV (ASML.AE) said Wednesday that net profit for the
fourth quarter rose 22%, and proposed raising its full-year
dividend by 50% following a record year of sales and
profitability.
The Dutch company said profit for the three months ended Dec. 31
rose to 787.5 million euros ($894.6 million), from EUR643 million
in the year-earlier period.
Fourth-quarter total net sales rose 23% to EUR3.14 billion, ASML
Holding said.
On a full-year basis, profit rose 22% to EUR2.59 billion. Total
net sales rose to EUR10.9 billion, from EUR9.05 billion in
2017.
The company said fourth-quarter net sales came in above
expectations. Despite some uncertainty in the current market, ASML
Holding said it remains confident about its sales and profit
targets for 2020 and beyond.
ASML Holding proposed a full-year dividend of EUR2.10, up from
EUR1.40 in 2017.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
January 23, 2019 01:47 ET (06:47 GMT)
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