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Egis proposes Ft 120 dividend, unchanged from last year - extended

Egis Nyrt, the Hungarian drugmaker owned by France's Les Laboratoires Servier, proposed to pay Ft 120 dividend on its fiscal 2006 results.

Egis shareholders will vote on the dividend proposal at the Budapest-based company's January 24 meeting, Egis said in stock exchange statement published in the bourse's newsletter today. The AGM will vote on the company's 2005/2006 financial report, appointments and amendments to the company charter. Calculated with Hungarian Accounting Standards, Egis had unconsolidated pre-tax profits of Ft 15.8 billion in its 2005/2006 business year, up 23.2% from the previous year. Revenue was Ft 88.1 billion, up 20.7%, operating profits were Ft 13.7 billion, up 23.4%. Calculated with International Financial Reporting Standards (IFRS), Egis had unconsolidated net profit of Ft 87.4 billion in its 2005/2006 business year, 49.6% more than in the previous year. Revenue rose 20.3% to Ft 87.4 billion. (Bloomberg, Mti-Eco))