Poland based Retail FX and CFDs broker XTB.com saw shares of its parent company XTB SA (WSE:XTB) hit an all time-high of PLN 36.90, after XTB announced that 75% of its 2022 profits would be returned to shareholders in the form of a Dividend and Share Buyback.
We reported at the beginning of February that XTB had its best-ever year in 2022 with Revenues of PLN 1,444 million ($328 million) and Net Profit of PLN 765 million ($174 million), although the fourth quarter of the year saw a significant slowdown.
Today, XTB announced that it made a decision regarding the intention to buy back its own shares, and the intention to recommend to the Supervisory Board and the General Meeting of the Company the distribution of the Company’s net profit for the year 2022, as follows:
a) payment to shareholders…
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