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Croatia’s PEVEX to skip dividend

Jun 19, 2024, 4:50:38 PMArticle by Annie Tsoneva
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June 19 (SeeNews) - The shareholders of Croatian do-it-yourself and consumer electronics retailer and wholesaler PEVEX decided to skip dividend payment and retain the net profit for 2023 in order to use it for further investments, the company said on Wednesday.

Croatia’s PEVEX to skip dividend
Source: PEVEX

The company’s net profit last year reached 43.9 million euro ($47.2 million), up by almost 26%, it said in a press release. Its total revenue rose 15.55% to 446.10 million euro in 2023.

PEVEX is expanding its network of 29 stores, planning to open a store in Porec this year. The company is also building a store in Zabok near Zagreb and is preparing for the construction of stores in Gospic and Dugopolje. It will also open in the next few weeks a logistics centre in Zagreb.

Last year, its shareholders also decided to retain its net profit of 34.8 million euro for 2022.

($ = 0.930 euro)

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