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Telekom Slovenije to retain 2023 net profit

Jun 18, 2024, 2:11:25 PMArticle by Radomir Ralev
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June 18 (SeeNews) - The shareholders of state-controlled Telekom Slovenije's [LJE:TLSG] have approved a proposal by the company to retain the 23.9 million euro ($25.6 million) net profit booked for 2023, Telekom Slovenije said.

Telekom Slovenije to retain 2023 net profit
Source: Telekom Slovenije

At the same time, 2.35 million euro, part of the distributable profit that originates from retained earnings from previous years, will remain unallocated and its usage is yet to be determined, Telekom Slovenije said in a bourse filing on Monday.

The total distributable profit of the company as of December 31, 2023 amounted to 66.5 million euro. The total distributable profit combines the profit from 2023 and retained earnings from earlier years, minus certain costs.

The shareholders of Telekom Slovenije approved the profit distribution at their general meeting on June 17, the company added.

($ = 0.93301 euro)

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