N. Macedonia's Prilepska Pivarnica plans higher dividend for 2023

The brewer plans to distribute 43.9 million denars out of last year's profit as dividend, it said in a bourse filing.

Its shareholders will vote on the proposal at a meeting on May 23.

Prilepska Pivarnica's net profit grew 58% year-on-year in 2023, reaching 122.1 million denars.

Prilepska Pivarnica was founded in 1924. It produces beer under the trademarks Zlaten Dab and Krali Marko and holds the licences for distributing Tuborg and Carlsberg brands in North Macedonia. It also produces carbonated non-alcoholic drinks, fruit nectar soft drinks and bottles the products of Pepsi Cola International.

Its shares last traded on the Macedonian Stock Exchange (MSE) on April 16, at an average price of 34,300 denars.

(1 euro = 61.57 denars)