SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Croatia’s Institut IGH to skip dividend

Jun 17, 2024, 11:48:49 AMArticle by Annie Tsoneva
share
June 17 (SeeNews) - Croatia's civil engineering company [ZSE:IGH] plans to distribute no dividend this year, it said on Monday.

Croatia’s Institut IGH to skip dividend
Hrvatske Ceste opened the Omis bypass on May 27, 2024. Source: Institut IGH

The company’s net profit of 6.08 million euro ($6.5 million) reported for 2023 will be used to cover losses from previous years, Institut IGH said in a filing to the Zagreb bourse. Its shareholders will vote on the proposal on July 26.

Last year the shareholders also decided to skip dividend ans use the company's net profit of 2.3 million euro for 2022 to cover losses accumulated in previous years.

Shares in Institut IGH last traded on June 12, ending 1.56% lower at 12.60 euro.

($ = 0.934 euro)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.