Roularta: shares down on 'limited visibility'

(CercleFinance.com) - Roularta shares are down on Thursday after the Belgian publisher's general meeting seemed to spark concerns about the strength of its business.


At the shareholders meeting last Tuesday, Roularta said that "the volatility of the advertising market continues to limit visibility."

On a brighter note, the company said that its net cash position has further improved, increasing to over 100 million euros at the end the first quarter.

The general meeting also approved a dividend of 5.50 euros per share for the past financial year, the group said.

The share was down 1.1% at 14 euros on Euronext Brussels towards lunchtime.

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