VERBIO Vereinigte BioEnergie AG Proposes Payment of Dividend; Announces Earnings Results for the Full Year 2019
The company announced earnings results for the full year 2019. The company reported sales revenues in the financial year 2018/2019 of EUR 779.3 million (2017/2018: EUR 685.9 million). The 13.6% increase compared to the previous year is primarily due to higher prices for bioethanol, biodiesel and by-products. The Group result before taxation and interest (EBIT) increased to EUR 73.7 million, an increase of 229.0% (2017/2018: EUR 22.4 million). Based on the result for the period, earnings per share (basic and diluted) was EUR 0.84 (2017/2018: EUR 0.24).