Serbia's Informatika to pay higher dividend for 2023

The decision was approved by the company's shareholders on March 29, Informatika said in a brief statement with the Belgrade bourse on Monday.

Informatika did not specify how much the dividend per share will be. Its equity is still divided into 180,011 shares, meaning this year's payout should be higher than last year's 240 dinars per share in gross terms distributed for 2022.

The company's net profit jumped to 126.3 million dinars in 2023 from 55.5 million dinars in 2022. The remaining 56 million dinars from the 2023 net profit will be retained, the statement read.

Informatika shares last traded on November 9, closing flat at 3,200 dinars.

The single largest shareholder of Informatika is state-owned natural gas importer and distributor Srbijagas with 30.6%. Informatika itself follows with 9.2% and Cyprus-based Sempiola Invest Limited is next with 3.9%. The remainder belongs to smaller shareholders, data from the country's central registry of securities showed on Tuesday.

(1 euro = 117.130 dinars)