--German Delticom boosts 2010 net profit to EUR32.3m

Internet Business News
03-08-2011
--German Delticom boosts 2010 net profit to EUR32.3m

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

8 March 2011 - German online tyre trader Delticom (ETR:DEX) announced today its net profit grew to EUR32.3m (USD44.8m) in 2010 from EUR20.2m in 2009.
Earnings before interest and tax (EBIT) increased by 60.1% on the year to EUR47.1m, while EBIT-margin went up to 11.2% in 2010 from 9.4% a year earlier.

Revenue amounted to EUR419.6m, up 34.8% year-on-year.

Delticom will propose a dividend of EUR2.72 per share to be paid for 2010.

The company will release a detailed financial report for 2010 on 23 March 2011.

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