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Serbia's Coka shareholders endorse 9.6 euro/share dividend for 2018

Author Radomir Ralev
Serbia's Coka shareholders endorse 9.6 euro/share dividend for 2018 Cigarette. Author (Wikicommons) License all rights reseved.

BELGRADE (Serbia), June 12 (SeeNews) - Serbian tobacco company Coka Duvanska Industrija's [BEL:COKA] shareholders have approved the management's proposal for a gross dividend distribution of 1,140 dinars ($10.8/9.6 euro) per share for 2018, Coka said.

Coka will distribute a total of 45.2 million dinars as dividend for last year, the company said in a bourse filing on Tuesday.

A total of 3.5 million dinars of the profit will be paid to employees, 4 million dinars to the company's management and another 4 million dinars will be kept in reserves for development projects, Coka said.

The company posted a net profit of 56.7 million dinars in 2018.

Coka distributed a total of 17.8 million dinars of its 86.3 million dinars net profit for 2017 as dividend last year.

(1 euro = 119.021 dinars)

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