The board of chemicals company BorsodChem Rt announced on Tuesday it would propose to an annual shareholders' meeting convened for April 28 payment of a Ft 4.156 billion dividend on 2005's after-tax profit Ft 13.413 billion. The dividend calculates as 31% of after-tax profits, or Ft 51 per share.
The board will present to shareholders an overview of the company's last 10 years and a strategy for the next decade. It will also submit for shareholder approval appointments to the boards. BorsodChem had unconsolidated revenue of Ft 139.88 billion in 2005.