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Franconofurt trims dividends to €0.05

The company announced that the supervisory board of Franconofurt AG has decided that on the upcoming general meeting on the 8th May 2012, to propose a dividend of €0.05 per share be paid out on the shareholders. This is a large reduction from last year. In 2011 the shareholders received for the financial year a stately dividend of €1.05.In addition the yearly audited annual accounts from KPMG were passed by the board of directors. The annual profit (under German HGB accounting rules) for the year amounted to €1,9 million. All together the company for the year 2011 bought back shares to the sum of €1,6 million.

Based upon the first indications of the months January to March 2012, Franconofurt even with the general uncertainty abou...[…]