BELGRADE (Serbia), June 6 (SeeNews) – Serbian household appliances maker Alfa plam [BEL:ALFA] said on Thursday that its shareholders approved the management's proposal to skip dividend distribution for 2018.
Alfa plam distributed a gross dividend of 1,000 dinars ($9.5/8.4 euro) per share for 2017.
The company's shareholders gave the green light to plans to allocate to reserves the 436.9 million dinars profit recorded in 2018, Alfa plam said in a filing with the Belgrade Stock Exchange.
The shareholders' decision was taken during a meeting on May 30.
(1 euro = 118.386 dinars)