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Serbia's NIS shareholders approve higher dividend for 2021

Author Radomir Ralev
Serbia's NIS shareholders approve higher dividend for 2021 Source: NIS

BELGRADE (Serbia), July 5 (SeeNews) - The shareholders of Serbian blue-chip oil and gas group NIS [BEL:NIIS] approved the company's proposal to distribute a total of 5.782 billion dinars ($50.7 million/49.2 million euro) as dividends, NIS said.

NIS has regularly paid dividends since 2013, and more than 60 billion dinars have been paid to shareholders so far, the company said in a statement last week.

The shareholders of NIS approved the proposal during their meeting on June 29, the company said.

In 2021, NIS distributed a total of 1.0 billion dinars as dividends from accumulated profit.

NIS turned to a consolidated net profit of 21 billion dinars in 2021 from a 7.6 billion dinars net loss recorded in 2020.

(1 euro = 117.405 dinars)

Naftna Industrija Srbije AD is among the biggest companies in SEE, for more reference take a look at Top 100 companies