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Crnogorski Telekom to pay 1.9 mln euro as dividend for 2019

Sep 29, 2020, 2:08:12 PMArticle by Radomir Ralev
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September 29 (SeeNews) - Montenegro's Crnogorski Telekom [MNG:TECG] will distribute a total of 1.89 million euro ($2.2 million) as dividend for 2019, it said.

Crnogorski Telekom to pay 1.9 mln euro as dividend for 2019
Crnogorski Telekom shareholders' meeting; Source: Crnogorski Telekom

Crnogorski Telekom's shareholders approved the proposed dividend payout at a general meeting held on September 23, the company said in a filing with the Montenegro Stock Exchange on Monday.

The company will keep 2.4 million euro of its 4.3 million euro net profit for 2019 as undistributed, Crnogorski Telekom said.

In this way, Crnogorski Telekom will increase the total amount of undistributed profit to 15.5 million euro from 13.1 million euro.

($ = 0.854186 euro)

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