BREAKING NEWS
This content is not available in your region

Truckmaker Volvo to pay extra dividend after strong fourth quarter

Truckmaker Volvo to pay extra dividend after strong fourth quarter
FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer//File Photo   -   Copyright  Fabian Bimmer(Reuters)
Text size Aa Aa

STOCKHOLM (Reuters) – Swedish truckmaker Volvo said on Wednesday it would pay a special dividend of 5 Swedish crowns (£0.4221) per share after reporting fourth-quarter profit marginally ahead of expectations and repeating its 2019 market demand outlook.

In total, the company proposed a dividend of 10 crowns per share for 2018.

Operating income, adjusted for a 7 billion Swedish crowns provision relating to an emissions issue, jumped to 10.60 billion crowns from a year-ago 7.33 billion, slightly ahead of the 10.47 billion forecast in a poll of analysts.

(Reporting by Esha Vaish in Stockholm; editing by Niklas Pollard)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.