ZAGREB, June 26 (Hina) - The Croatia Insurance main assembly on Wednesday decided that of a total of last year's net profit of 59.02 million kuna, 35.43 million be set aside for the payment of dividend, and 23.6 million kuna for
security reserves.
ZAGREB, June 26 (Hina) - The Croatia Insurance main assembly on
Wednesday decided that of a total of last year's net profit of 59.02
million kuna, 35.43 million be set aside for the payment of
dividend, and 23.6 million kuna for security reserves. #L#
The owner of 77.6 percent of the company's shares is the Croatian
Privatisation Fund, 20.5 percent is owned by other shareholders,
while the company holds 1.9 percent.
The assembly adopted an annual report and basic financial reports
for last year, which note that Croatia Insurance in 2001 made a
revenue of 2.58 billion kuna in total, and 75.33 million kuna of
gross profit.
The Croatia Insurance Group last year made revenues worth 2.55
billion kuna and net profit of 69.4 million kuna.
The group's net profit will be distributed based on decisions of the
assemblies of each company in the group.
The assembly also decided that the gross dividend for 2001 per share
with nominal value of 1,400 kuna should amount to 112 kuna.
The Ernst & Young Audit company was chosen to audit the Croatia
Insurance company in 2002.
(hina) lml sb