Business News

HIT shareholders to get EUR 1.15m in dividends (adds)

Nova Gorica, 08 July (STA) - HIT, Slovenia's leading gaming company, will pay out EUR 1.15 million in dividends in 2019, with the rest of last year's distributable profit, which stood at EUR 4.42 million, remaining undistributed, the company's shareholders decided at their annual meeting on Monday.

The company reported a net profit of EUR 3.3m for 2018, down 43% on the year before, on revenue that declined by 2% at group level to EUR 154.1m.

Gaming represented 81.2% of all revenue, down 1.2 percentage points on 2017, with hotels and tourism services accounting for the rest.

HIT casinos recorded 1.54 million visitors, a drop of one percent on the year before, the company said on Monday.

The company attributes the decline to higher payouts and a year-long closure of one of its casinos, the Korona centre in Kranjska Gora.

The annual meeting of shareholders also gave a discharge of liability for 2018 to board member Marjan Zahar and to the supervisory board.

Last September, the supervisors dismissed the management board consisting of Janez Mlakar and Tevž Korent for poor business results.

Mlakar and Korent have taken HIT to court over what they claim is an unlawful dismissal, and the litigation is still under way.

Today, Deloitte Revizija was appointed HIT's auditor for 2019, 2020 and 2021, and Marjan Pintar was dismissed as a member of the supervisory board.

He was replaced as of today by Tina Kikelj at the proposal of the Nova Gorica municipality, which is apart from Slovenian Sovereign Hodling and Kapitalska Družba the company's major shareholder.

The shareholders also rejected a proposal for workers to take part in the company's 2020 profit. The proposal was to distribute 10% of the net profit among them.

Since January, HIT has been run by director general Tomaž Repinc.

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