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Croatia's AD Plastik to pay higher dividend for 2018

Author Iskra Pavlova
Croatia's AD Plastik to pay higher dividend for 2018 AD Plastik factory; Source: AD Plastik

ZAGREB (Croatia), July 11 (SeeNews) - Croatian manufacturer of plastic components for the automotive industry AD Plastik [ZSE:ADPL] said on Thursday it will pay a dividend of 12.5 kuna ($1.9/1.7 euro) per share for 2018, up from 10 kuna per share it distributed last year.

AD Plastic will distribute as dividend 52.49 million kuna from its 2018 net profit of 88.96 million kuna, the company said in a filing to the Zagreb bourse.

The dividend payout includes the already distributed interim dividend of 3 kuna per share.

Last year, the company allocated 42 million kuna to dividend payout out of its 2017 net profit of 53.4 million kuna.

AD Plastic said earlier this week it signed contracts worth a total of 71.4 million euro ($80.4 million) for producing parts for the Renault-Nissan-AvtoVAZ alliance in its factory in Togliatti, Russia. The company's shares closed 1.07% higher at 189.5 kuna on Wednesday following the announcement of the new deals.

(1 euro= 7.39283 kuna)