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Serbia’s Impol Seval to pay lower dividend in 2024

Jul 11, 2024, 10:04:19 AMArticle by Iskra Pavlova
share
July 11 (SeeNews) - Serbian blue-chip aluminium rolling mill Impol Seval [BEL:IMPL] said it will pay a dividend of 870.50 dinars ($8.05/7.44 euro) per share in 2024, lower than the 871.60 dividend it distributed last year.

Serbia’s Impol Seval to pay lower dividend in 2024
Source: Impol Seval

Overall, the company will allocate a total of 820.261 million dinars to its shareholders this year, it said in a filing with the Belgrade bourse on Wednesday.

The dividend will be paid out from Impol Seval's retained earnings, which rose to 7.683 billion dinars at the end of 2023, boosted by last year's net profit of 333.731 million dinars.

The dividend will be paid out within 90 days, the statement read.

Last year, Impol Seval saw its net profit shrink to 334 million dinars from 2.829 billion dinars in 2022.

The company shares last traded on the Belgrade Stock Exchange on Tuesday, closing 10.14% down at 7,000 dinars.

Slovenia's Impol controls 70% of Impol Seval, followed by Serbia's state equity fund with 15%. The remainder belongs to minority shareholders, data from the central securities depositary and clearing house showed on July 11.

(1 euro = 117.025 dinars)

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