Mangold Fondkommission AB declared a dividend of 5.24 Swedish kronor per share for 2017.
The Swedish firm posted a profit of 11.8 million kronor for 2017, compared to 5.4 million kronor the previous year. EPS went up year over year to 26.18 kronor from 12.06 kronor.
With an improved market climate, Mangold expects the turnover and earnings for 2018 to exceed that in 2017, and follows the strategy to grow profitably and provide good dividends.
As of Sept. 5, US$1 was equivalent to 9.08 Swedish kronor.