Plaza Centres plc – Approval of Financial Statements and Dividend Proposal

Plaza Centres plc announced that the group’s profit after tax for 2017 was €1.27 million, which is in line with the previous year's profit figure.

Operating profit after depreciation however was 15.35% higher at €2.18 million.

The group registered a 20% increase in revenue over the previous year, reaching €3.28 million.

Operating costs were up by over 30% to €1,096,675 in 2017, due to higher administrative, marketing and maintenance costs.

The board of directors is recommending the payment of a final net dividend of €831,115 or €0.0294 per share, to be paid on June 6, 2018 to shareholders on the company’s share register as at April 30, 2018.

To view the official announcement, click here.