Saturday August 8, 2020

Davy racks up retained earnings of €123m for 2019

The Dublin-based stockbroker had cash of €162m included in its total assets of €581m

Ian Guider

Markets Editor

@ianguider
2nd August, 2020
Davy made returns to its shareholders during the year in the form of dividends and share buybacks

Retained earnings at Davy, the country’s largest stockbroking firm, stood at €123 million in 2019, according to documents seen by the Business Post.

The figure was largely unchanged on the previous year, but it is understood that all the company’s divisions were profitable in 2019.

The figures in the statements show Davy had cash and cash equivalents of €162 million included in its total assets of €581 million.

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