Solvac S.A. announced consolidated and statutory earnings results for the first half ended June 30, 2012. For the period, the company reported operating loss of €1 million against profit of €1 million a year ago. Net income was €83 million against €59 million a year ago. Net earnings per share were €5.4 against €3.9 a year ago. Cash inflow was €47.7 million against €47.7 million a year ago. Cash flow from operating activities was €53 million against €28 million a year ago.

For the period, the statutory company reported profits after taxes amount to €44.8 million, and are stable in comparison with €44.9 million in the previous year. Profit before taxes was €44.8 million against €44.93 million a year ago.

The board of directors has decided to increase the first interim dividend to €2.72 gross per share, an amount corresponding to 60% of the total rounded up dividend of the preceding year, in accordance with the policy decision made in 2006. This first interim dividend will be paid on October 25, 2012. As from September 24, 2012, the Solvac shares will be traded ex-dividend on NYSE Euronext Brussels.