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Montenegrin logistics firm Moraca to pay dividend for 2023

Jul 10, 2024, 1:05:40 PMArticle by Iskra Pavlova
share
July 10 (SeeNews) - Montenegrin blue-chip logistics company Poslovno Logisticki Centar Moraca [MNG:TITI] said it will distribute to its shareholders an overall 400,000 euro ($433,000) from its 2023 profit, after skipping dividend a year earlier.

Montenegrin logistics firm Moraca to pay dividend for 2023

The decision was approved at a shareholders' meeting held on June 28, Moraca said in a filing with the Montenegro Stock Exchange on Tuesday.

The remaining 447,000 euro from its 847,000 euro profit reported for last year will remain retained, the statement read.

Moraca reported earlier that its net profit rose to 847,000 euro last year from 657,000 euro in 2022.

Its shares last traded on Monday, closing up 0.25% to 4.01 euro. Its total equity is divided into 2,143,282 stocks of 6.974 euro in par value each.

Local closed-end investment fund ZIF Trend controls 67.1% of the logistics company, followed by Moraca itself with a 6.76% stake. The remainder belongs to smaller shareholders, bourse data showed on Wednesday.

($ = 0.925 euro)

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