ÖIAG Cuts Dividends

People ♦ Published: May 26, 2012; 13:50 ♦ (Vindobona)

The publicly held industrial holding ÖIAG pays dividends of € 155m to the Austrian state. This is a decline by 18.4%.

ÖIAG Cuts Dividends / Picture: © IV/www.BIGSHOT.at/Christian Jungwirth

According to the state-owned ÖIAG, the last financial year was coined by “difficult framework conditions”. “Nevertheless, ÖIAG could increase earnings.”

Against 2010, earnings from interests rose by 1.47% to € 249.5m. Dividends to the Austrian state will decrease by € 35m. After dividend payments of € 190m in 2010, the dividend volume reached € 155m last year.…