SOLIDIUM OY'S JULY-DECEMBER 2010 HALF YEAR REPORT
(Thomson Reuters ONE) -
* Solidium's investment yield was 20.1% for the review period and 24.7% for
the last 12 months
* Solidium paid 356 million euros in dividends to the State of Finland
* Solidium's net asset value increased during the review period by 856 million
euros, amounting to 8,571 million euros at the end of the period, despite
the payment of dividends
* Solidium sold shares in Sponda Plc for the sum of 176 million euros
* Solidium sold shares in Tikkurila Plc for the sum of 98 million euros
* Solidium received a total of 8.3 million euros in cash dividends during the
review period
* Solidium's profit for the review period amounted to 61 million euros
Solidium's Managing Director Kari Järvinen's comments:
"Companies in Solidium's portfolio have in general recovered well from the
financial crisis. Value development of Solidium's portfolio during the past
half year period was good. The value of the company's portfolio increased to
9,548 million euros and yield was 20.1 per cent. Solidium paid a dividend of
356 million euros to the State of Finland. We expect the dividend income to
increase in spring 2011, which would enable us to pay increasing dividends to
the State from the current financial year."
Further information: Managing Director Kari Järvinen, Solidium Oy, tel. +358
(0)10 830 89 05
Solidium is a limited company wholly owned by the State of Finland. Its mission
is to strengthen and stabilise Finnish ownership in nationally important
companies and increase the value of its holdings in the long run. Investment
activities are based on financial analysis. The core of Solidium's investment
strategy is proper, value enhancing asset management of the current holdings.
Through its stakes, Solidium is a minority owner in ten listed companies: Elisa,
Kemira, Metso, Outokumpu, Rautaruukki, Sampo, Sponda, Stora Enso, TeliaSonera
and Tieto. The market value of Solidium's investments is approximately EUR 9.4
billion at the date of this press release. Further information: www.solidium.fi.
The complete half year report can be found here:
Half year report (pdf):
http://hugin.info/142364/R/1480401/415943.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Solidium Oy via Thomson Reuters ONE
[HUG#1480401]
Unternehmensinformation / Kurzprofil:
Datum: 18.01.2011 - 11:01 Uhr
Sprache: Deutsch
News-ID 50528
Anzahl Zeichen: 3051
contact information:
Town:
Helsinki
Kategorie:
Business News
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