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TVK board to propose paying no dividend

The board of chemicals company TVK, a unit of Hungarian oil and gas company MOL, will propose to shareholders paying no dividend after a loss-making year at an annual general meeting on April 15, the AGM proposals show.

TVK had a consolidated loss of HUF 9.9 billionn in 2009, according to Hungarian Accounting Standards.

Shareholders approved an HUF 82-per-share dividend on 2008 profits. (MTI-ECONEWS)