Tag: dividends

Pljevlja coalmine to distribute 1 million euros as dividends – Montenegro, 10 July 2019

At the meeting held on 5 July, shareholders of Montenegrin Pljevlja coalmine approved the proposal to distribute a total of one million euros as dividends for 2018. The statement from the company said that it will keep 3.9 million euro of its 6.6 million euro net profit for 2018 as undistributed, Full article available for subscribers […]

CGES will not distribute dividends – Montenegro, 25 June 2019

Shareholders of Montenegrin electricity transmission system operator CGES decided to add last year’s profit in the amount of 4.2 million euros to the accumulated earnings from previous years, which means that the company will not distribute dividends. CGES recorded a net profit of 4.18 million eu Full article available for subscribers of Energy NEWS service […]

EP HZHB to use last year’s profit to cover accumulated losses – Bosnia and Herzegovina, 20 June 2019

The smallest of the three Bosnian power utilities – EP HZHB said that it plans to use the majority of its 2018 profit to cover accumulated losses from previous years. At the general meeting held on 19 June, the company’s shareholders decided to use 80 % of last year’s profit to cover losses and t […]