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Friday, May 24, 2024

Dividends boost profit of Sovereign Holding

By: P.T., STA

Slovenian Sovereign Holding (SSH) saw its half-year net profit increase more than five-fold year-on-year to EUR 26 million, chiefly as a result of much higher dividend entitlements.

Return on equity rose to 6.4% from 4% in the first half of last year. SSH reported having generated EUR 47.8 million in operating profit in the first half of the year. Assets and capital increased by EUR 125 million, which is attributed in part to growth in stock market prices.


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