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Kimpur Announces Dividend Distribution Decision

One of Turkey’s 100% domestic polyurethane system manufacturers, Kimteks Poliuretan Sanayi ve Ticaret A.Ş. (KİMPUR) announced its dividend distribution decision. The company, which has increased its production capacity by 98%, from 65 thousand tons to 129 thousand tons in the last 3 years, with its technologies, innovations and strategies that provide competitive advantage will distribute, a gross profit of 151,240,257.38 TL and a net profit of 136,116,231.65 TL of June 17 2022. 

Ranking 314th (for 2019: 350) according to ISO 500 data published for 2020, the chemical industry company Kimpur made a commitment to distribute 50% of the distributable profit to its investors every year through its public offering. As of May 17, 2022, the company called the first Ordinary General Assembly for 2021, and the Board of Directors took a decision on profit distribution.

Dividends will be paid from 17 June 2022

As of June 17, 2022 the company, which has a net profit of 316 million TL for the period. According to the financial statements prepared in accordance with the Turkish Accounting Standards (TMS)/Turkish Financial Reporting Standards(TFRS) and 298 million TL net profit for the period according to  the financial statements prepared according to the records kept within the scope of tax laws, will distribute  a gross cash profit of 151,240,257.38 TL and a net cash profit of 136,116,231.65 TL after separation of legal reserves. The dividend payment to be made has been determined as 1.24 TL gross and 1.12 TL net for shares with a nominal value of 1 TL.

 Kimpur CEO Cavidan Karaca: “We are very happy to share the profitability of 2021 with our investors”

Stating that they foresee that they will reach their budget targets in terms of sustainable and profitable growth in 2022, Kimpur CEO Cavidan Karaca said that:

“Kimpur continues its aggressive growth at home and abroad. We are very happy to share the profitability of 2021 with our investors as a company that has just gone public. In the first quarter of 2022, we performed very well with a turnover growth of 126%, net profit growth of 400% and exports of 28%. We have full confidence that we will continue in 2022 with this high performance and become one of the permanent powers of the chemical industry in Borsa Istanbul.”

Kimpur disclosed its financials on May 9th 9

According to the financial statements of Kimpur, which announced its financials for the first quarter of 2022, on May 9th on the Public Disclosure Platform (KAP); in the first 3 months of 2022, its consolidated revenues increased by 126% to TL 981 million. Consolidated revenues in the same period of 2021 were 434 million TL. The gross profit of Kimpur in the first 3 months of 2022 increased by 139% compared to the same period of the previous year and reached 160 million TL; Earnings Before Interest, Depreciation and Taxes (EBITDA) increased by 18.5% to TL 181 million. It is stated that the period profit of Kimpur, which has 39 years of experience, increased by 400% compared to the first quarter of 2021, and total operating income and other income, from 35 million TL to 175 million TL.