KBC Ancora Reports Strong Financial Performance with €368.3 Million Profit

KBC Ancora, a Belgian investment company, has announced a successful financial year 2023/2024, closing with a profit of €368.3 million. This represents a significant increase from the previous year’s profit of €298.9 million. The company’s strong performance was primarily attributed to its dividend income from its participating interest in KBC Group. The company’s net asset value per share stood at €64.82 at the end of the fiscal year, while its share price traded at a discount of 32.9% to this value. KBC Ancora’s Board of Directors will propose a dividend payout of €315 million to shareholders, representing 90% of the recurring result available for distribution. Looking ahead, the company anticipates a positive result for the current financial year, with a potential interim dividend in June 2025.