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.

ADVERTISEMENT

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023 Analysis

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.