The general assembly of Končar Distributive and Special Transformers (Končar D&ST), scheduled for May 30 this year, is expected to decide on the distribution of 12 million kuna from last year’s profit to shareholders as a dividend, amounting to 47.05 kuna per share.
According to the notice for the Assembly, published on Monday, Končar D&ST ended last year with a net profit of 30.06 million kuna.
It is proposed to the general assembly that 12.02 million kuna be allocated for dividends from that amount, while just under 18 million kuna would be allocated to statutory reserves.
The majority owner of the company is Končar d.d., which holds 67.9 percent of the company’s shares.
The general assembly will also be presented with the business plan of Končar D&ST for this year, which anticipates revenue of 765.2 million kuna, approximately 6 percent lower than the revenue achieved in 2015, as well as a net profit of 24.5 million kuna, or about 18 percent less than last year.
