May 26 (SeeNews) - Slovenian document printing company Cetis [LJSE:CETG] has proposed to its shareholders to skip dividend payout this year, it said.
Cetis' accumulated net profit of 10.6 million euro (11.4 million euro) will be retained, the company said in filing with the Ljubljana Stock Exchange (ZSE) on Thursday.
The shareholders will vote on the proposal on June 28.
Cetis recorded a consolidated net profit of 19.0 million euro in 2022, up 52.2% from 7.2 million euro in the previous year.
The company is active in security and commercial printing, including the printing of ID documents, lottery tickets and cards as well as in packaging and labels. It is part of MSIN Group which employs more than 1,200 people in its companies.
($ = 0.92875 euro)