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BIF shareholders approve Ft 258 mln dividend

Shareholders of real estate developer BIF Rt approved at an AGM on Monday payment of a Ft 258 million dividend from 2005's after-tax profits of Ft 118 million and profit reserves of Ft 140 million, the company announced on the website of the Budapest Stock Exchange (BÉT).

The dividend calculates as Ft 100 per share dividend, the same as BIF paid a year earlier.
BIF had unconsolidated revenue of Ft 1.68 billion in 2005, according to Hungarian Accounting Standards (HAS), 18% more than a year earlier. The company had consolidated after-tax profit of Ft 560 million on revenue of Ft 1.68 billion in 2005. Consolidated pre-tax profits were Ft 671.6 million.