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T-HT: 3.5 billion kuna to be paid as dividends to Croatian govt. and Deutsche Telekom

Izvor: HINA
ZAGREB, Dec 17 (Hina) - The extraordinary assembly of shareholders inCroatian Telecommunications (T-HT) on Friday decided to pay 3.525billion kuna of dividends to the shareholders in the company -- theCroatian government and Deutsche Telekom. The amount was ensured fromprofit netted this and in past years which has so far been kept asretained profit.
ZAGREB, Dec 17 (Hina) - The extraordinary assembly of shareholders in Croatian Telecommunications (T-HT) on Friday decided to pay 3.525 billion kuna of dividends to the shareholders in the company -- the Croatian government and Deutsche Telekom. The amount was ensured from profit netted this and in past years which has so far been kept as retained profit.

According to a press release from the T-HT, the dividends will be paid to the two shareholders proportionally to stock they hold in the equity capital of the company. The Deutsche Telekom holds now 51 percent.

The T-HT reported that the retained profit covered the 2001-2003 period.

Finance Minister Ivan Suker said earlier this week that he expected the T-HT to pay about two billion kuna as dividends to the state budget by December 27 this year.

(EUR1 = 7.5 kuna)

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