logo grupo

Distribution of profit

At the meeting held on 19th April 2023, the General Assembly approved the following distribution of profits:

Distribution basis
Profits for the financial year (following allocations made to the Education and Promotion Fund, and after taxes) 59.956 millions of euros
Interest on shareholder contributions to share capital 22.443 millions of euros
Total distributable or net surplus available 37.513 millions of euros

Distribution of surplus
Compulsory Reserves Fund 7.503 millions of euros
Voluntary Reserves Fund 23.917 millions of euros
Education and Promotion Fund - Mandatory 3.751 millions of euros
Education and Promotion Fund - Voluntary 2.342 millions of euros
Total distributed 37.513 millions of euros