Croatia’s Koncar D&ST proposes 131% higher dividend

The company’s after-tax profit last year stood at 50.7 million euro, it said in a filing to the Zagreb bourse.

According to the proposal, 34.48 million euro out of the 2023 profit will be retained, and the remaining 16.2 million euro will be paid in divided.

Koncar D&ST is part of Croatia’s electrical equipment manufacturer Koncar [ZSE:KOEI].

The ordinary shares of Koncar D&ST, which are part of the wider equity index of the bourse, the CROBEX, traded 1.38% lower at 1,430 euro on Tuesday by 1049 local time on the Zagreb bourse.

Its preferred shares traded flat at 1,420 euro by the same time.

($ = 0.941 euro)