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N. Macedonia's Sava Osiguruvanje skips dividend for 2018

Author Mario Tanev
N. Macedonia's Sava Osiguruvanje skips dividend for 2018 Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SKOPJE (North Macedonia), April 18 (SeeNews) - North Macedonian insurance company Sava Osiguruvanje said that it intends to retain its 2018 profit and distribute no dividend for last year.

The company also skipped dividend distribution for 2017.

Sava Osiguruvanje booked a non-consolidated net profit of 24.1 million denars ($441,000/392,000 euro) last year, the insurer said in a bourse filing.

In 2017, Sava Osiguruvanje posted a non-consolidated net profit of 22 million denars.

Sava Osiguruvanje is a subsidiary of Slovenian group Sava Re [LJE:POSR].

(1 euro = 61.52 denars)

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