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Croatia Airlines to skip dividend

May 28, 2024, 5:27:39 PMArticle by Annie Tsoneva
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May 28 (SeeNews) - State-controlled flag carrier Croatia Airlines [ZSE:CRAL] said its shareholders decided on Tuesday to skip dividend payment this year.

Croatia Airlines to skip dividend
Zagreb Airport. Photo by Josip Skof. Source: Zagreb Airport

The company’s net profit of 2.25 million euro for 2023 will be used entirely to cover losses from earlier years, Croatia Airlines said in a filing to the Zagreb bourse.

Last year, the air carrier's shareholders decided to cover its net loss of 137.2 million kuna ($19.8 million/18.2 million euro) for 2022 with future profit.

Shares of Croatia Airlines last traded on April 9, ending flat at 5.00 euro.

($ = 0.921 euro)

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