Austria Post to increase full year dividend by around 25 pct on 2006

Austrian Post AG is going to increase its full year dividend by 25 pct on 2006 and return at least 70 pct of its net profit to shareholders, the company’s chief executive Anton Wais said.

Wais said in addition EBIT is also expected to increase by between 20 and 25 pct and the dividend will reflect this growth accordingly, in an interview with the Austrian daily WirtschaftsBlatt.

For 2006 Austrian Post shareholders received a dividend of 1 eur a share, a payout of 70 mln eur for the postal company.