ADMIE says nine-month profits up 20.9 pct

ADMIE on Tuesday said its nine-month net profits totaled 60 million euros, up 20.9 pct from the same period last year, while net borrowing fell by 51.8 pct to 112.9 million euros and EBITDA rose 1.4 pct to 140.1 million euros.

ADMIE Holdings, owner of a majority 51 pct in ADMIE, listed in the Athens Stock Exchange, said it will pay a dividend of 0.087 euros per share to its shareholders, up from a previous estimate of 0.07 euros per share.

In an announcement, ADMIE said it expected to remain on a positive course in the fourth quarter of the year and to implement an investment programme for 2018 on schedule. It noted that the company’s improved financial profile ensured its positive course and confirmed estimates made for the current period.