The General Assembly of Croatia osiguranje today accepted that the largest part of last year’s net profit of Croatia osiguranje, amounting to nearly 117.5 million kuna, will be allocated to statutory reserves and retained earnings, while 980 thousand kuna, or 112 kuna per share, will be allocated for dividend payments to holders of preferred shares.
This is derived from the notification of Croatia osiguranje that the assembly considered the annual report on the state of Croatia osiguranje and the consolidated annual report, the Supervisory Board’s report on the oversight of business operations in the previous year, as well as the financial reports for the past year, and that the decisions on the agenda of the assembly were adopted as published in the invitation.
According to data from that invitation, Croatia osiguranje ended the previous year with 2.79 billion kuna in revenue, 2.65 billion kuna in expenses, and a net profit of 118.42 million kuna.
Of the total amount of last year’s net profit, more than 87.8 million kuna will be allocated to retained earnings, and 29.6 million kuna to statutory reserves.
The remaining 980 thousand kuna is intended for dividend payments, amounting to 112 kuna per share, to the holders of 8,750 preferred shares of Croatia osiguranje, a proposal from the invitation to the assembly that received support from the shareholders of the largest Croatian insurer.
