PODGORICA (Montenegro), August 21 (SeeNews) – Montenegro's state-controlled power utility Elektroprivreda Crne Gore (EPCG) [MNG:EPCG] has said its shareholders approved the payment of a gross dividend of 0.4214 euro ($0.4856) per share on 2017 earnings.
EPCG will pay out a total of 55.282 million euro in dividend for 2017 from undistributed profit for previous years, the company said in a statement on Monday.
The shareholders of EPCG endorsed the proposed dividend distribution on August 20.
The company produced a total of 2,190 GWh of electricity last year, 26% below plan.
EPCG swung to a net loss of 800,251 euro in 2017 from a profit of 18.3 million euro in the previous year.
($ = 0.867825 euro)