Thales Raises Dividend After Earnings Rise

Thales HO 10.21%increase; green up pointing triangle raised its dividend after reporting an increase in earnings which exceeded expectations, as orders over the course of last year rose.

The French aerospace-and-defense company on Tuesday said that it made 1.42 billion euros ($1.49 billion) in net profit last year, compared with 1.02 billion euros a year prior, on sales which grew 12% on year to 20.58 billion euros. On an organic basis, sales grew 8.3%.