Keo board to consider further dividend on October 20
Keo plc’s board will consider a possible dividend less than two months after completing a €1.69 million shareholder distribution, as first-half profit and turnover declined.
Nicosia, Cyprus. Keo plc’s board will meet on October 20 to consider whether to pay another dividend, less than two months after the Cypriot beverage company completed a €1.69 million distribution to shareholders.
Board to consider possible payment
The company announced that its board of directors will convene at 9.30am on October 20 to consider a possible dividend payment.
The announcement does not specify an amount or whether the board is considering an interim dividend. The size and terms of any distribution will become clear only if the board approves a payment.
First-half profit and turnover decline
The planned meeting follows Keo’s report of first-half net profit of €2.97 million, down from €3.23 million in the corresponding period of 2025.
The 8 per cent decline in profit was accompanied by a 3.13 per cent fall in turnover to €32.35 million from €33.40 million, although the company improved its gross profit margin.
Gross profit was broadly unchanged at €11.28 million, compared with €11.31 million a year earlier. The gross profit margin rose to 34.9 per cent from 33.9 per cent.
Profit from operations nevertheless fell to €2.51 million from €2.93 million, with weaker sales continuing to weigh on operating performance despite the improvement in margins.
Previous dividend completed in August
Keo completed a €1.69 million dividend payment in August, equivalent to four cents per fully paid ordinary share.
Shareholders approved that payment at the company’s annual general meeting in July. It was funded from profits generated in 2024 and held in the company’s revenue reserve.
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