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Démász management proposes Ft 1,280 dividend per share

The executive board of regional power distributor Démász Rt has proposed the company?s forthcoming AGM to pay Ft 4.74 billion dividend, or Ft 1,280 per share, to stockholders and to retain Ft 553 million of its 2004 profit, the company said. Démász had Ft 5.47 billion pre-tax profit and Ft 4.9 billion net income last year. Sales revenues totaled Ft 82.2 billion. The company, which is majority owned by Électricité de France SA, called an AGM for April 1.