SKOPJE (Macedonia), November 24 (SeeNews) – Macedonian marble producer Mermeren Kombinat [MSE:MERM] said on Monday it will pay a gross dividend of 0.65 euro ($0.81) per share by the end of 2014.
Dividend will be paid from the company’s undistributed profit accumulated in 2011, 2012 and 2013 and from reserves accumulated until 2009, in the gross amount of 187.4 million denars ($3.8 million/3.0 million euro), Mermeren Kombinat said in a filing with the Macedonian Stock Exchange.
The company will start paying out the dividend from December 9.
The dividend payment proposal was approved by company's shareholders on November 21.
In February Mermeren Kombinat said it will distribute a gross dividend of 0.47 euro per share this year from its undistributed profit accumulated until the end of 2012, in the gross amount of 150.5 million denars.
The company’s net profit jumped to 387.8 million denars through September from 127 million denars a year ago.
Mermeren Kombinat a.d. Prilep is majority-owned by Dutch investment fund Stone Works Holdings Cooperatief. Its business includes extraction, processing and sale of marble.
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