July 20 (SeeNews) - Beozastita [BEL:BEOZ] said that its shareholders have endorsed its plans to skip dividend distribution for 2018.
The company also paid no dividend for 2017.
The 49,493 dinars ($470.5/416.2 euro) net profit recorded in 2018 will be invested in the business development of Beozastita, the company said in a filing with the Belgrade Stock Exchange on Wednesday.
Beozastita's shareholders approved the proposal at a general meeting held on June 13, the company said.
The share price of Beozastita currently stands at 7,454 dinars, according to data from the Belgrade Stock Exchange. There were no deals involving the shares of the company in the last three years.
(1 euro = 118.894 dinars)