TVK board to propose payment of no dividend on loss-making year

Telco

The board of TVK, a unit of Hungarian oil and gas company MOL, will propose to shareholders payment of no dividend on 2011, a loss-making year for the chemicals company, at an annual general meeting on April 17, the AGM agenda published Tuesday show.

TVK had a net loss of HUF 11.3 billion in 2011, according to the company's consolidated, audited profit and loss statement.

At an AGM a year earlier, MOL rejected the board's proposal to pay no dividend on 2010, another loss-making year, and took close to HUF 2 billion out of the company.

Bamosz Investment Fund Value Reaches HUF 15.793 tln in May Figures

Bamosz Investment Fund Value Reaches HUF 15.793 tln in May

Karácsony Still Winner of Budapest Mayoral Election After Re... Elections

Karácsony Still Winner of Budapest Mayoral Election After Re...

Hungary Wants EU to Smooth Electromobility Transition Transport

Hungary Wants EU to Smooth Electromobility Transition

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

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.