Duna House AGM approves HUF 479 mln in dividends

Sustainability

Shareholders at Thursdayʼs annual general meeting of listed real estate agency Duna House approved a proposal to pay out dividends totaling HUF 479 million, the company said on the Budapest Stock Exchange website, as reported by Hungarian news agency MTI.

Duna House told MTI on Friday that HUF 447 mln of this amount will be paid to holders of ordinary shares, who will receive a HUF 130 per-share dividend, while the company will pay dividends of HUF 32 mln to holders of employee shares.

Last year, Duna House paid out dividends of HUF 247.6 mln, although Duna House shares have only been traded since November 2016.

According to Hungarian Accounting Standards (HAS), Duna House posted losses of HUF 62.85 mln in 2016. Total assets stood at HUF 3.2 billion at the end of 2016.

According to International Financial Reporting Standards (IFRS), the Duna House group had a consolidated result of HUF 1.145 bln last year, with total assets of HUF 5.992 bln.

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Real Estate