EDF Démász again taps profit reserves to pay dividend
French-owned regional electricity distributor EDF Démász dipped into profit reserves to pay a dividend this year, Hungarian daily Népszabadság reported today citing recently updated public records.
Owners approved a payment of HUF 6.3 bln dividend on last yearʼs earnings of HUF 2.8 bln, making up for the difference from profit reserves, the paper said.
The paper added that the company did the same last year, when it paid an HUF 11.3 bln dividend on after-tax profit of HUF 1.7 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.