Croatia’s Institut IGH to skip dividend

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)