Tamburi Investment Partners doubles the dividend, bringing the 2013 coupon up to a total of 5,4 million euro. The first nine months closed with a consolidated net profit of approximately 31 million euro, against 3,8 million in the first nine months of 2012. A result obtained mainly thanks to the start of the liquidation of the positions indirectly held in Printemps through Borletti Group Finance SCA and Borletti Group SCA, an operation which gave rise to the most significant capital gain achieved by TIP since the beginning of its activity.
The total capital gain associated with the entire transaction should amount to around 33 million euros, of which approximately 31,6 million already recognized in the income statement and already collected, while the remaining part is still dependent on certain transaction costs being defined and from the related taxation.
Tip's consolidated shareholders' equity as at 30 September 2013 amounted to approximately 254,6 million euro, also in this case the highest level ever achieved by the company, compared to approximately 211,3 million in the individual financial statements as at 31 December 2012 and this even after the payment of dividends for a total of 5,4 million euros which took place in May 2013 and the purchase of treasury shares during the period for 6,4 million euros.
