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N. Macedonia's Granit to pay higher dividend for 2018

Author Mario Tanev
N. Macedonia's Granit to pay higher dividend for 2018 tanatat/Shutterstock.com

SKOPJE (N. Macedonia), June 20 (SeeNews) - North Macedonia-based construction company Granit [MSE:GRNT] said that its shareholders have endorsed a gross dividend distribution of 30 denars ($0.55/0.49 euro) per share for 2018.

The company paid a gross dividend of 28 denars per share for 2017.

Granit will distribute a total of 83.1 million denars of undistributed profit from previous years as dividend for 2018, the company said in a bourse filing on Wednesday.

Granit shares last traded on the Macedonian Stock Exchange on Tuesday, at an average price of 831.58 denars.

The company's non-consolidated net profit fell by an annual 29% to 155.8 million denars in 2018.

(1 euro = 61.49 denars)

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