Gimv announced on Thursday that it had posted a record net profit for its 2023-2024 financial year, thanks to the outstanding performance of its portfolio companies.

The Belgian investment company said it had generated a net profit, group share, of 217.1 million euros, or 7.8 euros per share, for the financial year ended March, compared with a loss of 59.5 million euros (-2.2 euros per share) in the previous year.

In its press release, the Group highlights the growth achieved by the companies in its portfolio, whose sales increased by 15%, while operating profitability rose by 20%.

Taking into account the cash proceeds from its divestments (364.6 million euros, i.e. double the amount year-on-year), the portfolio's yield reached a total of 19.1%.

Gimv, whose assets now exceed 1.55 billion euros, says it expects to pay a stable annual dividend of 2.6 euros.

Listed on the Brussels stock exchange, the share fell by around 0.6% on Thursday following this publication.

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