PRESS RELEASE
PPA S.A.: Held Ordinary General Meeting of Shareholders Approval of a dividend distribution of 1.04 euros per share, increased by 66%
2 August 2023. PPA S.A. is pleased to announce the successful completion of today’s Ordinary General Meeting of Shareholders, conducted through a teleconference, in accordance with the prescribed procedure and with a quorum of 79.99%.
During the General Meeting the Shareholders were informed about the company’s progress and current developments, while they expressed their satisfaction with the company’s remarkable financial performance of the previous year.
It is noted that all items on the agenda were approved by a majority vote, including the Annual Financial Statements and the Dividend Distribution to the company’s shareholders for the fiscal year 2022 (from 01.01.2022 to 31.12.2022). The dividend amount, following the proposal by the Board of Directors, amounted to 1.04 euros per share, representing 65.6% increase compared to 2021.
It should be noted that the key figures of the Annual Financial Report for the year 2022 relate to the company turnover, which amounted to 194.6 million euros, indicating an increase of 26.2%. Profits before taxes amounted to €74.7 million showing an increase of 51.7%. Profits after taxes amounted to €52.9 million, indicating an increase of 43.9% and the cash reserves recording an increase, reaching 171.5 million euros.
PPA S.A. Chairman Mr. Yu Zenggang who presided over the General Meeting of Shareholders expressed sincere thanks to the shareholders for their trust and recognized the company management and employees for their unwavering commitment and dedication. He highlighted “the historic high performance of the previous year demonstrates the effectiveness of our value driven strategy for all stakeholders. We are committed to pursuing our systematic efforts in this direction, guided by our well-defined plans and strategy for a greener and more sustainable future, while continuously supporting and serving the society”.
