April 25 (SeeNews) - Croatian hotel owner Maistra [ZSE:MAIS] said on Thursday that its supervisory board is proposing not to distribute dividends for 2023.
The supervisory board proposed to shareholders to retain 26.3 million euro of the company's net profit of 27.7 million euro ($28.2 million) reported for 2023 and allocate the remaining 1.4 million euro to reserves, Maistra said in a filing to the Zagreb bourse.
The shareholders will vote on the proposal on June 12.
Last year, the company retained 35.8 million euro of the company's net profit of 37.7 million euro reported for 2022 and allocated the remaining 1.9 million euro to reserves.
The company's shares plunged 7.96% to 41.60 euro on the Zagreb bourse by 12.32 hours local time on Thursday. Its majority shareholder, with a stake of almost 90%, is diversified holding company Adris [ZSE:ADRS, ADRS2].
($ = 0.932 euro)