April 12 (SeeNews) - North Macedonian building materials producer Cementarnica Usje [MSE:USJE] said on Friday that it is proposing to its shareholders to distribute a gross dividend of 1,513 denars ($27.8/24.6 euro) per share for 2018.
Cementarnica Usje paid a gross dividend of 1,527 denars per share for 2017.
Under the proposal, Cementarnica Usje will distribute a total of 853 million denars as dividend for last year, the company said in a bourse filing.
Cementarnica Usje shares last traded on the Macedonian Stock Exchange at a price of 23,001 denars.
The company's individual net profit fell by an annual 4% to 1 billion denars last year.
Cementarnica Usje is a unit of Greek-based cement producer TITAN, which owns cement plants in nine countries and employs more than 5,500 people worldwide.
(1 euro = 61.53 denars)