LONDON (Thomson Financial) - Ablon Group Ltd posted a marginally higher full
year pretax profit and said it continues to have good prospects.
The real estate company said pretax profit for the year to Dec 31, rose to
52.37 mln eur from 51.02 mln eur the previous year. The company's net asset
value grew 85 pct 506.6 mln eur from 274.5 mln eur.
Ablon said it will be paying out its first dividend since its IPO to
shareholders in May 2008, and declared a 4.0 mln stg cash dividend, or 2 pct of
its NAV on September 2006.
The company said it will issue 744,820 shares as part of the senior
management team's long-term incentive plan of which 481,338 will be granted to
chief executive Uri Heller and chief financial officer Daniel Avidan.
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