Danubius shareholders vote to pay no dividend

Telco

Shareholders of Danubius Hotels decided at an annual general meeting yesterday that the company would pay no dividend on last yearʼs earnings, according to Hungarian news agency MTI. 

Danubius Hotels had net profit of HUF 3.73 bln last year, according to Hungarian Accounting Standards. "The board finds it best to continue retaining its cash within the company and using it for the improvement of the quality of its network," the dividend proposal published earlier stated.

ADVERTISEMENT

Hungary GDP up 6.5% y.o.y. in Q2 Analysis

Hungary GDP up 6.5% y.o.y. in Q2

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

Muni Council Organizing Meeting to Improve Air Quality City

Muni Council Organizing Meeting to Improve Air Quality

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.