Croatia Airlines to skip dividend

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)