Pargesa Holding SA reported earnings results for the fourth quarter and twelve months ended December 31, 2017. For the quarter, net were CHF 33 million, compared with CHF 282 million in 2016.  Adjusted net earnings were CHF 36 million, compared with CHF 40 million in 2016.

For the twelve months, net earnings were CHF 382 million, compared with a net loss of CHF 32 million in 2016. Adjusted net earnings were CHF 384 million, compared with CHF 321 million in 2016.

At its annual meeting to be held on May 3, 2018, the board of directors of the company will propose a 2017 dividend of CHF 2.50 per bearer share, an increase of 2.5% over the previous year, to be paid on May 15, 2018.