2008 Financial Accounts
Proposed Dividend: euro 0.05 per share
J&P-AVAX SA announces that according to its 2008 financial accounts, net profit for the Group after minorities reached euro 21.0 million in 2008 versus euro 25.4 million in 2007. Consolidated turnover grew 45% in 2008 to euro 991 million compared to euro 683 million in the previous year.
Earnings before tax and minorities fell 16% to euro 28.3 million in 2008 from euro 33.8 million a year earlier.
Work-in-hand for the Group, including both signed and pending projects, amounts to euro 2.7 billion.
Management will propose to shareholders at the Annual General Meeting to be held on 24.06.2009 the distribution of a euro 0.05 dividend per share for 2008.