In € million

 

2017

 

2016

Operating income

 

967

 

794

Sales

 

9

 

11

Other operating income

 

959

 

784

Operating expenses

 

(829)

 

(913)

Operating profit/loss

 

138

 

(119)

Financial gains/losses

 

617

 

519

Profit for the year before taxes

 

755

 

400

Income taxes

 

(23)

 

4

Profit for the year

 

733

 

404

Transfer to (-) / from (+) untaxed reserves

 

 

 

 

Profit available for distribution

 

733

 

404

The profit for the year of Solvay SA amounted in 2017 to €733 million, as against €404 million in 2016.

It includes:

  • the operating result amounting to €138 million, as against €(119) million in 2016; the increase is due mainly to reinvoicing of additional services,
  • financial gains and losses of which:
    • dividends received from its various financial investments amounting to €239 million, as against €467 million in 2016,
    • the differential between interest paid and received on its financing activities amounting to €(102) million, as against €(148) million in 2016,
    • other financial profit of €552 million resulting mainly from the sale of investments in affiliates within the Group (€475 million) as against a profit of €204 million in 2016.

An amount of €6,688 million including the net profit of the year is available for distribution.