April 5 (SeeNews) - Croatian power transformers manufacturer Koncar Distributivni i Specijalni Transformatori Koncar D&ST [ZSE:KODT, KODT2] said it proposes the payout of a dividend of 13.74 euro ($15.1) out of its net profit for 2022, up 50% from the dividend it paid last year.
The company’s net profit last year stood at 168 million kuna - up 80 million kuna, or 90% higher compared to the previous year, the company said in a filing to the Zagreb bourse on Tuesday.
According to the proposal, 16.8 million kuna out of the 2022 profit will be allocated to reserves, 98.3 million kuna will be retained and the rest of 52.9 million kuna will be paid in divided.
Koncar D&ST is part of Croatia’s electrical equipment manufacturer Koncar [ZSE:KOEI].
The ordinary shares of Koncar D&ST last traded on March 24 ending 3.11% higher at 398 euro on the Zagreb bourse, while its preferred shares gained 0.51% to end at 398 euro on April 3.
($ = 0.912 euro)