March 25 (SeeNews) - Croatian power transformer manufacturer Koncar-D&ST [ZSE:KODT-R-A] said it plans to pay a dividend of 37.66 kuna ($5.36/4.95 euro) per share for 2019, higher that the 32.54 kuna per share distributed last year.
According to the proposal, a total of 19.25 million kuna from the company's 49.49 million kuna net profit reported for last year will be distributed as dividend, Koncar-D&ST said in a statement with the Zagreb bourse on Tuesday.
The remainder will go to reserves.
Last year, it paid out as dividend an overall 16.64 million kuna from its 49.18 million kuna net profit for 2018.
Koncar-D&ST has said its total revenue rose 12% to 1.04 billion kuna in 2019, with exports jumping 18% to 903 million kuna.
The Zagreb-based company is part of Koncar Group.
Koncar-D&ST's shares traded up 1.52% at 1,000 kuna by 13:20 CET on Wednesday on the Zagreb bourse.
(1 euro = 7.60687 kuna)