February 9, 2017 / 12:39 PM / 9 months ago

BRIEF-Bulten Q4 posts higher operating profit, proposes raised dividend

Feb 9 (Reuters) - Bulten AB

* Says board of Bulten AB proposes to AGM a total dividend of SEK 4.50 per share for 2016

* Q4 net sales reached SEK 674 million (667), an increase of 1.0% on same period last year.

* Q4 Order bookings amounted to SEK 744 million (674), an increase of 10.5% on the same period last year.

* Says 3.50 SEK (3.25) per share is to be considered as ordinary dividend and 1.00 SEK per share is to be considered as extra dividend

* Says prospects for winning market share will be good from second half of 2017

* Bulten AB Q4 operating earnings (ebit) were SEK 52 million (47), which corresponds to an operating margin of 7.7% (7.1) Further company coverage: (Stockholm Newsroom)

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