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Serbia's Messer Tehnogas to pay higher dividend for 2023

Jun 20, 2024, 10:19:41 AMArticle by Iskra Pavlova
share
June 20 (SeeNews) - Serbian blue-chip industrial gases producer Messer Tehnogas [BEL:TGAS] said it will pay out a gross dividend of 600 dinars ($5.51/5.12 euro) per share for 2023, up from the 450 dinars/share it distributed last year for 2022.

Serbia's Messer Tehnogas to pay higher dividend for 2023
Photo: All Rights Reserved

Overall, the company will distribute to its shareholders a total of 622 million dinars from its 2023 net profit, it said in a bourse filing on Wednesday.

The remaining 2.014 billion dinars of its 2023 net profit will be retained, the statement read.

Messer Tehnogas' net profit rose to some 2.637 billion dinars last year from 1.992 billion dinars in 2022.

The company's shares last traded on the Belgrade bourse on June 17, closing flat at 24,000 dinars.

Germany’s Messer SE & Co, the world's largest privately owned industrial gases manufacturer, controls 85.6% of its Serbian unit, while the remainder belongs to smaller shareholders.

(1 euro = 117.074 dinars)

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