Croatia's Medika proposes to skip dividend payment

The company's management and supervisory board have propose to retain the total net profit of 14.97 million euro for 2023, it said in a filing to the Zagreb bourse on Friday.

Its shareholders will vote on the proposal on May 2.

Last year, the company paid a divided of 215 euro per share out of its retained profit from previous years.

Medika's shares last traded on March 22 on the Zagreb bourse ending 1.97% lower at 7,450 euro,

($= 0.925 euro)