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Geoplin Shareholders Earmark EUR 10m for Dividends

Ljubljana, 17 June (STA) - Gas distributor Geoplin will earmark EUR 10m for dividends, a half of last year's distributable profit, according to a resolution adopted by shareholders at Thursday's general meeting.

The company ended last year with a net profit of EUR 19.5m, down from EUR 30.9m from the year before, on net sales that plunged to EUR 317.1m from EUR 406m in 2008.

Geoplin, the only gas distributor in Slovenia, supplied 1.02bn cubic metres of gas last year.

The company is majority-owned by the state (32.6%) and oil group Petrol (32%).

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