July 14 (SeeNews) - Serbian state-controlled telecom operator Telekom Srbija said on Friday it will pay a gross dividend of 13.7671 dinars ($0.131/0.115 euro) per share for 2016.
The company will distribute a total 11.01 billion dinars in dividend, it said in a statement on its website earlier this week.
According to local media, the dividend payment per share is 10.1% lower than last year.
Telekom Srbija recorded a consolidated net profit of 14.95 billion dinars in 2016, versus 14.67 billion dinars in the previous year.
At the end of 2015, the Serbian government, which controls 51% of the company, decided to retain control of Telekom Srbija after all offers from potential investors for the privatisation of the incumbent telco were deemed unsatisfactory.
In Serbia, a market of around 7.2 million, Telekom Srbija competes in the mobile segment with Vip Mobile, a unit of Telekom Austria, and the local arm of Norway's Telenor. In the fixed-line segment, it shares the market wit Serbia Broadband (SBB), controlled by US private equity firm KKR.
(1 euro=120.125 dinars)
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