April 15 (SeeNews) - Croatian fertiliser producer Petrokemija [ZSE:PTKM-R-A] plans to use some 176.9 million kuna ($28 million/23.4 million euro) of its 265 million kuna net profit earned last year to cover the remaining loss carried over from 2018, it said on Thursday.
Some 83.7 million kuna of the 2020 profit will be allocated to retained earnings, while the remaining 4.4 million kuna will go to reserves, the company said in a bourse filing.
The proposal will be put to the vote at a general shareholders meeting to be held on June 9.
Petrokemija almost doubled its consolidated net profit last year, compared with a 141 million kuna profit reported for 2019.
The company's shares closed up 1.6% at 62 kuna on Wednesday on the Zagreb bourse. They did not trade by 1320 CET on Thursday.
(1 euro = 7.56127 kuna)