INA to consider drawing HRK 15-per-share dividend from profits
The management of Croatian oil and gas company INA, a subsidiary of Hungarian oil and gas company MOL, is proposing that the payment of a HRK 15-per-share dividend be drawn from retained earnings, to the tune of HRK 150 mln (€19.8 mln), Hungarian news agency MTI reported yesterday.
"This payment has been proposed to demonstrate the strength of the Company even in the challenging environment as well as to provide return to the investors thus reinforcing their confidence," the management said. The proposed dividend "will not jeopardize financing of future projects nor will it have a significant impact on the strong financial position and net debt levels", it added. INA reported a net loss of approximately HRK 1.9 bln in 2014.
ADVERTISEMENT
Companies Make Net Repayments on Credit in April
Parl't Approves Amendments to Legislation on Judiciary
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.
