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Richter AGM approves HUF 72-per-share dividend

Telco

Shareholders of Hungarian drugmaker Richter Gedeon approved the boardʼs proposal to pay a HUF 72-per-share dividend on last yearʼs earnings at an annual general meeting yesterday, Hungarian news agency MTI reported.

Richter will pay the HUF 13.4 billion dividend from HUF 61.5 bln of net profit, according to Hungarian Accounting Standards. The rest of the earnings will go into profit reserves. 

According to International Financial Reporting Standards (IFRS), Richter had consolidated after-tax profit of HUF 54.5 bln on revenue of HUF 365.2 bln in 2015.

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