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Richter board proposes Ft 600 dividend per share

The board of pharmaceuticals company Richter Gedeon Rt will propose the payment of a Ft 600 dividend per share or 60% of the share's nominal value on 2005 to shareholders at the AGM to be held on April 26, according to the invitation to the AGM published on Thursday. The dividend on preference shares is Ft 120 per share or 12% of nominal value.
The company paid a dividend of Ft 500 per ordinary share on 2004 and paid Ft 440 on 2003. Richter has been paying out 25% of its after-tax profit as dividend in the past few years. According to audited Hungarian-accounting-standard figures, Richter had consolidated after-tax profit of Ft 45.64 billion and unconsolidated after-tax profit of Ft 45.71 billion in 2005.