April 19 (SeeNews) - Croatian electrical equipment manufacturer Koncar Elektroindustrija [ZSE:KOEI] will propose to its shareholders to distribute a gross dividend of 2.5 euro ($2.66) per share for last year, it said.
Some 6.37 million euro out of the company's net profit of 13.7 million euro reported for 2023 will be distributed as dividend, the company said in a filing to the Zagreb bourse on Thursday.
Out of the remaining profit, 5% will be allocated to reserves and 6.9 million euro will be retained.
Last year, the company paid out a dividend of 2.0 euro per share.
Koncar Elektroindustrija's shares last traded on Thursday when they closed flat at 258 euro on the Zagreb bourse.
($ = 0.939 euro)