ADVERTISEMENT

Richter shareholders approve HUF 106-per-share dividend

Pharma

Shareholders of Hungarian drugmaker Gedeon Richter approved payment of a HUF 106-per-share dividend on last yearʼs earnings at an annual general meeting yesterday, Hungarian news agency MTI reported.

The dividend fund comes to HUF 19.8 bln. The remaining HUF 34.7 bln of last yearʼs earnings will go into profit reserves.

Last year, shareholders approved a HUF 72-per-share dividend on 2015 earnings.

Shareholders holding a little more than 53% in the company were present at the AGM.

During a break at the meeting, CEO Erik Bogsch told journalists that Richter would concentrate first of all on its womenʼs healthcare and biosimilar products this year. Richter continues to aim to expand its portfolio and is looking for new licences to take over as well as acquisitions, he said. The company has no concrete acquisition targets at present, he added.

Richter sees revenue rising on markets in Western Europe and the United States, he said. Markets in Latin America could start expanding in two-to-three years, he added.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.