Business News

Krka to Pay Out EUR 1.61 Dividend Per Share

Novo mesto, 04 April (STA) - The management and supervisory boards of pharmaceutical company Krka have proposed to the shareholders' meeting scheduled for 4 July to pay out dividend of EUR 1.61 gross per share, up 7.3% from last year's.

Under the proposal that was adopted by the supervisory and management boards on Wednesday and made public on Thursday, EUR 53.25m of last year's distributable profit of EUR 177.93m will be allocated for dividends.

EUR 62.34m is to be set aside for other reserves, and EUR 62.34m will be transferred to next year, according to a press release posted on the website of the Ljubljana Stock Exchange.

Krka generated EUR 1.143bn in group sales revenues last year, up 6% on the year before. The company did not specify how much the net profit was, but said it was somewhat higher than EUR 154.6m posted by the core company.

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