Guldbrev proposes dividend after turnover doubles

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Guldbrev proposes dividend after turnover doubles
Photo: Lars Pehrson/SvD/TT

Stock-exchange newcomer Guldbrev doubled net sales in the latest quarter and proposed a dividend, the company wrote in its report.

Net sales rose to SEK 121 million, compared with SEK 60 million a year earlier. Operating profit was SEK 21.3 million, compared with SEK 15.5 million in the same quarter a year earlier. The board proposes a dividend of SEK 2.02 per share.

Guldbrev was listed on the Stockholm Stock Exchange's First North Growth Market in October last year. The company has been criticized several times for misleading marketing, but was acquitted in court last year after being sued by the Swedish Consumer Ombudsman.

The company has existed for 15 years and buys used consumer gold, mainly by having customers mail in their gold.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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