Tag: dividends

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 […]

JANAF proposes dividend of 11.6 euros/share – Croatia, 15 June 2019

At the general meeting scheduled for 28 August, shareholders of Croatian oil transportation company JANAF should vote on the distribution of dividends from last year’s profit in the amount of some 11.6 euros/share. The total amount that should be distributed as dividends would reach 11.7 million Full article available for subscribers of Energy NEWS service […]