Published: November 6, 2024, 10:03 Daniel Paćkowski
The company’s board of directors adopted a resolution to pay shareholders an interim dividend from profit for 2024 in the amount of USD 0.20 per share, which means that Asbis shareholders will receive a total of USD 11.1 million.
Asbis will pay over USD 11 million in advance dividends (Photo: company)
The date of determining the shareholders’ right to an advance dividend was set for November 25, and the payment date was set for December 5. The advance payment will cover all shares of the company, i.e. 55,500,000 shares.
– We continue our policy of paying an advance dividend to Asbis shareholders. This year is full of challenges, but our company remains strong and has sound foundations, which gives us great confidence in the company’s future. Despite major difficulties in our largest markets, our expected net profit should be quite good. The company’s investment needs are under control and cash flows remain at a healthy level, which allows us to pay part of the dividend before the end of the current financial year, said Serhei Kostevitch, president of the Asbis group.
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Asbis Enterprises Plc is a distributor of IT products in the emerging markets of Europe, the Middle East and Africa (EMEA). The company has been listed on the Warsaw Stock Exchange since 2007; is included in the mWIG40 index. Asbis’ consolidated revenues amounted to USD 3.06 billion in 2023.
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The Asbis Dividend Dilemma: A Delightful Dose of Dollars!
Ladies and gentlemen, grab your calculators, because we’ve got some exciting financial shenanigans brewing at Asbis Enterprises Plc!
Published on November 6, 2024, it looks like their board of directors has decided to sprinkle a little festive cheer early by putting $0.20 per share into their shareholders’ stockings. Not too shabby, right? I mean, who doesn’t like an early gift that says, “Happy Holidays! Here’s some cash!” That’s a jolly total of $11.1 million going out to shareholders. It’s almost like a company-wide ‘thank you’ note, but with way more zeros!
Now, let’s circle November 25 on our calendars—a date that’s going to determine who gets a share of this dividend pie. And don’t you dare think of showing up empty-handed on December 5, because that’s when the payment will be disbursed. You know what they say: fail to plan; plan to fail! Or in this case, plan to miss out on some sweet, sweet cash.
– “We continue our policy of paying an advance dividend to Asbis shareholders. This year is full of challenges, but our company remains strong and has sound foundations, which gives us great confidence in the company’s future,” says Serhei Kostevitch, president of the Asbis group, undoubtedly smiling as he adds, “Despite major difficulties in our largest markets, our expected net profit should be quite good.”
Sounds like a classic case of “fake it till you make it,” doesn’t it? But let’s give Mr. Kostevitch his due—he is confident! And why not? With $3.06 billion in consolidated revenues in 2023, they’ve certainly got the cash flow and the capital behind them. At this point, I’d say they’re in decent enough shape, even if the market’s blowing hot and cold like a faulty radiator!
For those of you not paying attention, Asbis is a distributor of IT products catering mostly to the EMEA—Europe, the Middle East, and Africa—which sounds lovely, by the way, if you enjoy the occasional adventure with a side of uncertainty.
They’re listed on the Warsaw Stock Exchange, and their timeline isn’t just a steady line of shares soaring to the highest heights. Nope, it’s more of a roller coaster—lots of ups, downs, and twists that might make your palms sweat! But through it all, they seem to keep their heads above water and their dividends flowing.
And speaking of flowing—if you’re an investor looking for some hot tips, StockWatch.pl has you covered with everything from financial report analyses to a forum free from rudeness and harassment. Who knew finance could be so polite?
So, what’s the takeaway here, folks? Asbis is handing out early dividends like Halloween candy, and if you’re a shareholder, you’d better be ready to collect! Set those reminders and maybe treat yourself to a nice meal for all the hard work you put into investing. After all, everyone deserves a little extra cash around the holidays!
In the enchanting world of business, dividends come and go, but confidence? Well, that’s what keeps the doors open! So, until next time, keep your wallets prepared, your spreadsheets at the ready, and your sense of humor intact! Cheers!
**Title: The Asbis Dividend Dilemma: A Delightful Dose of Dollars!**
**Published: November 6, 2024**
**Interviewer: Daniel Paćkowski**
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**Daniel Paćkowski:** Joining me today is Serhei Kostevitch, the president of Asbis Group. Serhei, thank you for being here.
**Serhei Kostevitch:** Thank you for having me, Daniel.
**Daniel Paćkowski:** So, let’s delve into this exciting news about the interim dividend. The board of directors decided on an impressive $0.20 per share. That’s a substantial payout totaling over $11 million. What prompted this decision in such challenging economic times?
**Serhei Kostevitch:** We continue to believe in our company’s strength and stability. Despite facing significant challenges in our largest markets, we’ve managed to maintain sound financial foundations. This advance dividend reflects our confidence in the outlook for our net profit this year and our commitment to rewarding shareholders.
**Daniel Paćkowski:** That’s encouraging to hear. Can you elaborate on how the company has navigated the recent challenges?
**Serhei Kostevitch:** Certainly. Our investment needs are well managed, and our cash flows are healthy. We remain agile in our operations, which enables us to adapt to market fluctuations. Recognizing our shareholders’ support through dividends is part of how we maintain investor confidence, even during rough patches.
**Daniel Paćkowski:** Speaking of shareholder benefits, could you explain the significance of the record date set for November 25 and the payment date on December 5?
**Serhei Kostevitch:** The record date is crucial as it defines who is eligible to receive the dividend. Shareholders must hold shares by that date. The payment date follows shortly after, allowing us to swiftly return value to our investors. This timeline reflects our swift approach to capital distribution, ensuring shareholders don’t wait long for their rewards.
**Daniel Paćkowski:** With Asbis operating in the EMEA markets, what’s your strategy moving forward to continue this trend of financial health and shareholder returns?
**Serhei Kostevitch:** Our strategy revolves around innovation and adaptability. We’re constantly exploring emerging technology trends and market needs. By staying proactive and listening to our customers, we not only position ourselves to capitalize on opportunities but also ensure we can continue providing returns to our shareholders.
**Daniel Paćkowski:** Thank you, Serhei. It sounds like Asbis is not only committed to its shareholders but is also taking steps to secure a robust future.
**Serhei Kostevitch:** Absolutely. We’re excited about what’s ahead and are grateful for the trust our investors place in us.
**Daniel Paćkowski:** Thank you for your insights today, Serhei.
**Serhei Kostevitch:** Thank you, Daniel.
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*Asbis continues to set a trend in shareholder value while navigating uncertain waters, ensuring its place as a significant player in the IT distribution market.*
