July 4 (SeeNews) - North Macedonia's steel products manufacturer Fakom [MSE:FAKM] said on Monday it has received its shareholders' approval to distribute a gross dividend of 134.33 denars ($2.28/2.18 euro) per share in 2022, higher than the 74.63 denars dividend paid out last year.
Fakom will distribute as dividend 9 million denars out of its undistributed profit for 2009, the company said in a bourse filing.
The company's net profit dropped to 908,000 denars last year, from 1.5 million denars booked in 2020.
Fakom's shares have not traded on the Macedonian Stock Exchange (MSE) in the past year.
Fakom manufactures hot rolled steel sheets, hot rolled profiles, tubular profiles, galvanized and plastic-coated sheet metal and other items.
(1 euro = 61.51 denars)