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N. Macedonia's Fustelarko Borec to pay higher dividend for 2023

May 13, 2024, 11:47:27 AMArticle by Dragana Petrushevska
share
May 13 (SeeNews) - North Macedonia's cardboard packages producer Fustelarko Borec [MSE:FUBT] said on Monday it will distribute a gross dividend of 200 denars ($3.5/3.2 euro) per share for 2023, higher than the 150 denars payout a year earlier.

N. Macedonia's Fustelarko Borec to pay higher dividend for 2023
Author: Valmet. License: All rights reserved.

Fustelarko Borec will distribute 14.3 million denars out of its 2023 net profit as dividend for that year, it said in a bourse filing.

The company's shareholders approved the dividend distribution plan at a meeting on May 11.

Fustelarko Borec's net profit came in at nearly 50 million denars in 2023, up from 36.5 million denars in 2022.

(1 euro = 61.62 denars)

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