Duratex (DTEX3) announces payment of dividends and interest on equity

Charlie Taylor

Duratex (DTEX3) announced that it will pay interest on equity (JCP) to its shareholders.
The producer of wood panels and bathroom fixtures and metal fittings approved the payment of a net amount of R $ 0.2672248399 per share.
In addition, the company also announced that it will distribute additional dividends, in the amount of R $ 0.43442952264 per share, which will be paid on February 26, based on the calculation of the final shareholding position on February 17.
Duratex (DTEX3) reports net profit of R $ 301 million in the 4th quarter, up 6%

Profits

Interest on equity is also a way for the company to distribute profits, but instead of having a tax benefit for shareholders, as with dividends, they benefit the company. For this reason, they are not exempt from income tax for shareholders, being taxed at source at a rate of 15%.Alter 2

4TRI20

The company achieved net profit of R $ 301 million in the fourth quarter of 2020, an increase of 5.9% compared to the fourth quarter of 2019, according to a document sent to the market.
According to the company, the adjusted EBITDA (earnings before interest, taxes, amortization and depreciation) of the operating result, totaled R $ 516 million, an increase of 85.4%.

Duratex

Taking into account the annual comparison, in 2020 the profit grew 11.9%, to R $ 453 million. Net revenue, on the other hand, skyrocketed to R $ 1.8 billion, an increase of 27.4%.
For the company, this result is due to the successful policy of price increase practiced, as well as the accelerated recovery of demand, which led all divisions to present strong growth in sales volume.Alter 2

Maintenance

Also according to the company, the maintenance of high levels of industrial use, allowing greater operational efficiency, coupled with the successful implementation of price increases in all divisions, especially the wood division, made the company surpass the record result achieved in the previous quarter.
“In view of the recovery presented as of the second quarter, greater numbers of real estate launches and the improvement in the expectation of growth in the Brazilian economy for 2022 – whose GDP growth projection of 2022 in the Central Bank's Focus surveys is 3.5% – the company remains optimistic with the performance of its operations in 2022 ”, says excerpt from the statement.

See DTEX3 on the Exchange:

Duratex (DTEX3) has record quarterly results, to R $ 27.7 millionOnly click here if you are already an investor

The post Duratex (DTEX3) announces payment of dividends and interest on equity appeared first in 1 Billion Financial Education.
Alter 2


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