May 9 (SeeNews) - Croatian hotel operator Valamar Riviera [ZSE:RIVP-R-A] said on Thursday it will distribute a dividend of 1 kuna ($0.15/0.13 euro) per share this year, up 0.1 kuna on last year's dividend payout.
The dividend will be paid out from Valamar's retained profit achieved in 2016, the company said in a filing to the Zagreb Stock Exchange (ZSE).
In February, Valamar Riviera said its consolidated net profit decreased by 2.4% year-on-year in 2018, to 239.2 million kuna.
Valamar Riviera owns two brands: Valamar Hotels and Resorts and Camping Adriatic. With the acquisition of Imperial in 2016, a hotel group on Rab Island, Valamar Riviera Group now operates 30 hotels and resorts and 15 camping resorts in five attractive destinations along the Adriatic coast – from Istria and the islands of Krk and Rab to Dubrovnik.
It operates about 12% of Croatia’s total categorized tourist accommodation facilities and can welcome over 56,000 guests a day in nearly 21,000 accommodation units.
(1 euro = 7.40932 kuna)