Raba shareholders decide to pay no dividend

Telco

Shareholders of Hungarian automotive industry company Raba decided at an annual general meeting yesterday that the company would pay no dividend and also approved it’s Hungarian Accounting Standards profit and loss statement, which shows a loss of HUF 298 mln.

The consolidated IFRS P+L statement showed a profit of HUF 871 mln. The shareholders mandated the board to purchase 150,000 treasury shares within the next 18 months. The state of Hungary owns just under 74% of Raba.

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