S&B Industrial Minerals Group on Friday reported a 17.4 pct increase in its first quarter sales to 111.832 million euros, from 95.232 million euros in the same period last year and said its pre-tax profits rose 20 pct to 7.164 million euros from 5.972 million euros over the same period respectively. EBITDA rose to 16.3 million euros and operating earnings rose to 9.2 million euros. Net earnings distributed to shareholders totaled 4.1 million euros while earnings per share totaled 0.08 euros, up 2.0 pct and 2.5 pct, respectively.
The Group’s board will seek shareholders’ approval to a plan to return capital to shareholders worth 0.25 euros per share.