March 15, 2017 / 6:40 AM / 5 months ago

BRIEF-Elmos Semiconductor proposes higher dividend of 0.35 euro per share for 2016

March 15 (Reuters) - Elmos Semiconductor AG:

* Will propose to Annual General Meeting on May 11 a dividend increase to 0.35 euro ($0.3720) per share (previous year: 0.33 euro per share)

* As announced in February, Elmos expects for 2017 an increase in sales in higher single digit percentage range compared to previous year

* For 2017, EBIT margin is anticipated to be slightly better than year before (2016: 10.1 pct) Source text for Eikon: Further company coverage: ($1 = 0.9409 euros) (Gdynia Newsroom)

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