Janaf recommends dividend of HRK 132.15 per share

The management and supervisory boards of the Janaf oil pipeline company have made a recommendation to the General Assembly to pay a dividend of HRK 132.15 per share from the profit generated in 2015, the company reported on the Zagreb Stock Exchange earlier this week.

The recommendation is based on a government decision adopted on May 12, defining the amount, method and deadline for payments by companies of strategic interest.

According to that decision, companies where the state is the majority owner are obliged to pay 60% of their 2015 profit after tax directly into the state budget on par to the state's share in equity capital.

The amount left for dividend payout is HRK 133.16 million or HRK 132.15 per share.

The remaining HRK 88.7 million of the HRK 233.58 of Janaf's 2015profit is to be remain as retained profit.

(EUR 1 = HRK 7.5)

Last update: Sun, 05/06/2016 - 18:13

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