Bosnia and Herzegovina: Dividend distribution for EPBiH, SEE Energy News
EPBiH did not distribute dividend in 2019, but in 2018 it distributed dividend from retained earnings from previous years in total amount of 1.1 euros/share.
Shareholders of Bosnian power utility EPBiH decided to distribute a dividend in the amount of 0.04 euros/share in 2020, which is actually payment from its net profit from 2018.
The company will pay a total of 1.28 million euros in dividend in 2020, while 12.1 million euros will be allocated as retained earnings. The company’s net profit amounted to 26.5 million euros in 2018.
EPBiH recorded a net profit in the amount of 10.2 million euros in 2019, which is significantly lower compared to the net profit of 26.5 million euros recorded in the previous year. The company’s operating revenues remained approximately the same as in the previous year, reaching around 510 million euros, while its operating costs increased by 0.7 % to 500 million euros.