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Croatia's Saponia skips dividend for 2020

Author Annie Tsoneva
Croatia's Saponia skips dividend for 2020 Photo: Saponia

ZAGREB (Croatia), September 29 (SeeNews) - Croatian detergent and cosmetics producer Saponia [ZSE:SAPN] said its shareholders approved on Wednesday a proposal to allocate 16.1 million kuna ($2.5 million/2.1 million euro) of its 66.7 million kuna net profit for 2020 to cover capital losses.

The remaining 50.6 million kuna of the profit will be allocated to company reserves, Saponia said in a filing to the Zagreb bourse.

Last year, the shareholders decided to cover the company's net loss of 22.4 million kuna from its other reserves.

Saponia's shares traded at 795 kuna intraday on Wednesday on the Zagreb bourse, unchanged compared to previous closing price.

(1 euro = 7.496 kuna)