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Masterplast could pay dividend on 2015 earnings

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Hungarian building materials company Masterplast expects to pay a dividend on its 2015 earnings, if it makes no strategic investments, chairman-CEO Dávid Tibor said at a press conference on Friday.

Masterplast listed its shares on the Budapest Stock Exchange three years ago. It has not paid a dividend since. Masterplast aims to raise its EBITDA-to-revenue ratio to 8% by 2016, Tibor said. The ratio climbed to 7% in Q1-Q3 of this year from 4.3% in the same period a year earlier, he added. Masterplast will continue to produce only fiberglass mesh and roofing foils, while reselling other insulation productions, he said.

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