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Eternit (ETER3) agrees to pay dividends

Eternit (ETER3) agrees to pay dividends

Posted at 9:12 p.m

The Board of Directors of Eternit (ETER3) approved a dividend in the amount of R$ 10,070,602.70.

The information was released on Tuesday night the 27th.

The value of the share is R$0.163162.

Dividends will be paid to shareholders on 12/27/2024 without cash adjustment.

The shares will begin trading ex-dividend on March 5, 2024.

Eternit is in the process of judicial recovery.

Profit in the fourth quarter 23

In Q4 2023, Eternit achieved a net profit of R$82.9 million (+491% compared to Q4 2022), representing deferred IRPJ/CSLL from the controlling company's tax loss of R$80 million, allocated on the balance sheet. For the company after cancellation. From the original in 2019 due to the expectation of irrecoverability.

Excluding non-recurring events, recurring net income in 4Q23 was $4.3 million, a decrease of 66.8% year over year for comparison.

Recurring EBITDA totaled R$22.6 million, a slight decrease of 0.6% compared to the fourth quarter of 2022.

Net revenues amounted to R$282 million in this period, a 10% decrease compared to the same period in 2022.

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