March 22 (SeeNews) - North Macedonian textile products manufacturer Teteks [MSE:TETE] said on Wednesday that the company's board decided to distribute a gross dividend of 110 denars ($1.9/1.8 euro) per share for 2022, same as the previous year.
Teteks will distribute a total of 45.6 million denars as dividend for 2022, the company said in a bourse filing.
The company's shareholders will vote on the proposal at a meeting on April 26.
The company's net profit rose 12% year-on-year in 2022, reaching 90.2 million denars.
Teteks' shares last traded on the Macedonian Stock Exchange (MSE) on Tuesday, at an average price of 2,700 denars.
(1 euro = 61.68 denars)