Business News


Gorenje to Earmark EUR 2.3M for Dividends

Velenje, 05 July (STA) - The shareholders of household appliance maker Gorenje decided on Thursday that EUR 2.3m of the last year's distributable profit of EUR 5.5m will go for dividends at 15 cents per share.

The remaining EUR 3.1m of the profit for 2011 will stay undistributed.

Gorenje CEO Franjo Bobinac said he was glad that the proposals by the management and the supervisors had been backed by the shareholders.

The management has this year decided to pay out dividends for the first time since 2008, as Gorenje has been in the black for the past couple of years, he noted.

Bobinac expects positive financial effects from the moving of production in the relation Sweden-Slovenia-Serbia. He asserted that the number of employees in Gorenje's base in Velenje would not be decreased.

The CEO also said that Gorenje would make the decision on the moving of production from its Swedish subsidiary Asko to Velenje on Friday. He said he expected the government to be equally encouraging of both domestic and foreign investments.

The shareholders granted a discharge to the management and the supervisory board for the 2011 business year and named KPMG as auditor for this year.

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