SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Kosovo telco PTK pays 10 mln euro dividend to govt

Dec 21, 2012, 3:49:30 PMArticle by Nina Byalkova
share
PRISTINA (Kosovo), December 21 (SeeNews) – Kosovo state-owned postal and telecommunication services provider PTK said it paid 10 million euro ($13.2 million) dividend to the government on Wednesday.

Kosovo telco PTK pays 10 mln euro dividend to govt

“According to the decision of the Board of Directors, PTK has transferred these funds to the Kosovo budget in accordance with its strategic and financial objectives and as a result of positive financial turnover,” PTK said in a statement on its website on Thursday.

In 2012 PTK had a satisfactory financial performance resulting in an 11% growth of net profit compared to last year.

Implementation of the business plan and allocation of dividends to Kosovo government, amounting 45 million euro in 2012, are a great success in strategic and financial plan for the company, Ejup Qerimi, chief executive officer of PTK, said

($=0.7571 euro)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.