Zwack proposes HUF 1,200 per-share dividend

Telco

The management of Zwack Unicum, Hungaryʼs best-known spirits manufacturer, will propose to shareholders the payment of a HUF 1,200-per-share dividend for the 2014/15 fiscal year at an AGM on June 25, according to the invitation for the meeting, Hungarian news agency MTI reported today, adding that the dividend fund amounts to HUF 2.44 bln.

Zwack’s fiscal year ended on March 31, and during the period the company saw an after-tax profit of HUF 1.77 bln, according to Hungarian Accounting Standards. The P+L statement also shows profit reserves of HUF 3.67 bln. Zwack has tapped profit reserves for a number of years in order to top up its dividends.

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