Basicnet has concluded a new financing package worth €15 million with Istituto di Credito Intesa San Paolo for the next four years, to be amortized on a quarterly basis. Meanwhile, the company's board of directors has decided to propose to its shareholders a new program to buy back shares for a maximum value of €2.5 million until the end of 2015. In the past year, it spent €1.3 million to buy back 0.872 percent of its equity. As previously reported, the group made a net profit of €12.4 million in 2014, up from €4.5 million the year before. The board is proposing a dividend payout of 32.3 percent of this amount. The company, which owns Kappa, K-Way, Superga and other brands, is forecasting a further positive development in the first half of this year on the basis of the order book. The recent appreciation of the dollar will have a positive impact on royalties and sourcing commissions. It will be covered during that period against monetary risks for products imported into Italy.

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