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Dividend announcement from Erbosan Boru for 2024

Erbosan Boru, which has been operating in Kayseri for many years, announced its dividend decision at the meeting held on April 25, 2024.

Dividend announcement from Erbosan Boru for 2024

Erbosan Erciyas Boru Sanayii ve Ticaret A.Ş., which exports more than 50% of its exports to Europe, America, the Middle East and Africa, has announced its decision on dividend distribution via the Public Announcement Platform (KAP). In its statement, the pipe company announced that as a company, it considers it appropriate to distribute a dividend of TL 2.2500000 gross and TL 2.0250000 net per share from the profit of 2023 and that this decision will be submitted to the General Assembly for approval. This results in a dividend yield of 0.87% based on the last share price.


In the official statement made at the board meeting held by Erbosan Boru; “While determining the dividend in accordance with the decision of the Capital Markets Board dated 07/03/2024 and numbered 14/382; It will be covered from the period profit not adjusted for inflation in the legal records, taking into account the amount of previous year losses and the period profit not adjusted for inflation in the legal records of 2023, which are presented for comparison in the profit distribution table, and also having its equivalent in the legal records created after the inflation correction. It was unanimously decided to propose to the General Assembly the distribution of a gross amount of 50,000,000 TL as dividends.

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