AD Plastik Shareholders to Receive a Dividend of 4 Kuna per Share

AD Plastik shareholders will receive a dividend of four kuna per share, to be paid from retained earnings and other reserves from 2014, as decided by the extraordinary general assembly of the company on Wednesday.

According to the assembly’s decision, shareholders of AD Plastik, registered as holders of shares in the Central Clearing Depository on April 13, 2016, acquire the right to receive a dividend from undistributed (retained) earnings and other reserves from 2014 in the amount of four kuna per share.

The dividend will be paid on April 22. 

AD Plastik has 4,199,584 issued shares, so approximately 16.8 million kuna will be needed for the payment of the dividend of four kuna.

The largest individual shareholder is Holding Autokomponenti from Russia with 30 percent of the shares. Among the ten largest shareholders are ADP-ESOP d.o.o. with a share of 5.07 percent, as well as the Capital Fund which has 2.78 percent of the shares, and several mandatory pension funds (OMF) of category B – Raiffeisen OMF has 6.42 percent, PBZ CO OMF has 2.85 percent, Erste plavi OMF 2.75 percent, and AZ OMF 2.24 percent of the shares. 

AD Plastik did not pay a dividend last year, and by the assembly’s decision, the net profit from 2014 in the amount of 12.7 million kuna went to undistributed (retained) earnings. 

AD Plastik announced its financial report for the previous year in mid-February, which showed that the AD Plastik Group achieved multiple growth in net profit. The net profit of the AD Plastik Group last year amounted to 44.3 million kuna, while the year before it was 4.9 million kuna. The company stated in the report that despite the complex and demanding situation in Russia, the business revenues of the AD Plastik Group increased by 15 percent compared to 2014, while sales revenues grew by 16 percent, while at the same time the Group’s expenses increased by 9 percent. 

Thus, the sales revenues of the AD Plastik Group, which consists of AD Plastik d.d. Croatia, ADP d.o.o. Serbia, AD Plastik d.o.o. Slovenia, AO AD Plastik and ZAO AD Plastik in Russia, exceeded one billion kuna last year.

The parent company in Croatia, AD Plastik d.d., achieved sales revenue of 753.8 million kuna, which is an increase of 26 percent compared to 2014. The profit of AD Plastik d.d. before taxation last year amounted to 30.8 million kuna.