The Zagreb Stock Exchange will distribute a slightly higher dividend this year compared to last year, as stated in the invitation to the shareholders’ meeting scheduled for June 16. The invitation includes a proposal for the use of last year’s profit of 38 thousand euros. This profit will be allocated to retained earnings, and the Management proposes to use over 127 thousand euros from other reserves for the dividend distribution. The dividend per share thus amounts to 5.5 cents. It is worth noting that last year, a little less than 116 thousand euros was allocated for dividends, which amounted to five cents per share.
This year’s dividend will be paid to shareholders who are registered with the Central Clearing Depository (SKDD) on June 19, while the dividend is due on June 26. Alongside the invitation to the meeting, the Zagreb Stock Exchange also published its financial report for the first quarter. In the first three months of this year, the Exchange generated a total of 578 thousand euros in operating income, which is 13 percent higher than in the same period last year.
Sales revenue increased by 19 percent, reaching 426 thousand euros. As explained in the report, the increase in sales revenue is primarily the result of higher income from commissions and membership fees, which, thanks to significantly stronger trading in securities compared to the same period last year, reached 216 thousand euros or 30 percent more. In total, in the first three months, the total turnover amounted to 172 million euros, which is 48 percent higher, while the turnover within the order book of 137.5 million euros grew by 37 percent.
