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N. Macedonia's Okta shareholders OK 73 denars(1.19 euro)/share dividend

Author Mario Tanev
N. Macedonia's Okta shareholders OK 73 denars(1.19 euro)/share dividend The Okta oil refinery. Author: Hellenic Petroleum. License: All rights reserved.

SKOPJE (North Macedonia), May 16 (SeeNews) - North Macedonian oil refinery Okta [MSE:OKTA] said on Thursday that its shareholders have endorsed the management's proposal for a gross dividend distribution of 73 denars ($1.34/1.19 euro) per share for 2018.

The company did not pay dividend for 2017.

Okta will distribute a total of 61.8 million denars of accumulated profit from previous years as dividend for 2018, the company said in a bourse filing.

The oil refinery turned to a net loss of 100.1 million denars in 2018 from a net profit of 203.2 million denars in 2017.

Okta shares traded at an average price of 4,868 denars on Wednesday on the Macedonian Stock Exchange.

(1 euro = 61.51 denars)

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