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EDF Démász again taps profit reserves to pay dividend

Telco

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.

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