MOL shareholders approve payment of HUF 55 bln dividend

Telco

Shareholders of Hungarian oil and gas company MOL have approved the boardʼs proposal at an annual general meeting held today to pay HUF 55 billion in dividends on last year’s earnings, a HUF 5 bln increase on last yearʼs dividend, according to a report from Dow Jones Newswires.

MOL shareholders also approved a proposal to reduce the company’s registered equity by HUF 2.09 bln by cancelling roughly 2.1 million treasury shares. Shareholders will not be compensated for the cancellations of shares, Dow Jones said.

During the meeting, shareholders approved the companyʼs 2015 annual report which shows a HUF 190 bln loss, based on Hungarian Accounting Standards, while MOLʼs consolidated net IFRS loss came to HUF 257 bln, according to Hungarian news agency MTI.

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March Analysis

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Share of 1st Time Home Buyers Climbs Residential

Share of 1st Time Home Buyers Climbs

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

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.