Appeninn board proposes HUF 7-per-share dividend
The board of property holding company Appeninn will propose to shareholders payment of a HUF 7-per-share dividend on last yearʼs earnings at a general meeting on April 13, the AGM agenda published Friday shows, Hungarian news agency MTI reported.
The board proposes paying out HUF 241 million as dividends, or all of the companyʼs 2016 after-tax profit calculated according to Hungarian Accounting Standards, minus some HUF 12 mln due on treasury shares which would be placed in profit reserves.
The board noted that Appeninn would pay a dividend for the first time and added that the companyʼs IFRS after-tax profit had more than doubled last year.
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.