Bosnian Hydro Power Producer HE na Trebisnjici Plans to Pay Dividend
The company’s shareholders will vote on the decision to distribute as dividend a total of 5.02 million marka, or 82% of its net profit for last year, at a general meeting scheduled for November 5, Hidroelektrane na Trebisnjici said in a filing with the Banja Luka Stock Exchange.
The company plans to allocated 5% of its net profit to mandatory legal reserves, 3% to statutory reserves and 10% for donations.
The hydro power complex's net profit fell to 6.1 million marka in 2014 from 12.3 million marka a year earlier.
Hidroelektrane na Trebisnjici is located in Trebinje, in the Serb Republic, one of the two autonomous entities that form Bosnia and Herzegovina. The other one is the Muslim-Croat Federation.
Source: SeeNews
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