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Sandvik Posts Lower Q4 Profit, Lifts Dividend

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Sandvik Posts Lower Q4 Profit

Sandvik AB (OTC: SDVKY) reported a drop in its fourth-quarter net profit and lifted its dividend.

Sandvik's quarterly net profit fell to SEK728 million ($113.3 million), from SEK731 million, in the year-ago period.

Its revenue dropped to SEK24.33 billion from SEK25.10 billion, versus analysts' estimates of SEK23.73 billion.

Its Ebit surged to SEK2.13 billion, from SEK1.65 billion.

The company's board proposed a dividend of SEK3.50 per share, versus SEK3.25 per share, in the year-earlier period.

Sandvik shares closed at $16.53 yesterday.

Posted-In: profitEarnings News Dividends

 

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