Croatia, INA approved the proposal of a dividend payout of 13 euros per share from its 2021 net profit

, SEE Energy News

The management of Croatian oil company INA approved the proposal of a dividend payout of 13 euros per share from its 2021 net profit. The company’s shareholders will vote on this decision at the general meeting scheduled for 15 June.

The company did not distribute dividends for 2020 and its paid dividends of 8.2 euros/share from its 2019 profit.

Out of 167.7 million euros consolidated net profit in 2021, 129.5 million will be distributed as dividends and 31.8 million euros will be used to cover losses from previous year. The rest will be allocated to mandatory reserves and retained.