June 6 (SeeNews) - Croatian electrical equipment producer Koncar Elektroindustrija [ZSE:KOEI-R-A] said on Wednesday it will pay a dividend of 14 kuna ($2.2/1.9 euro) per share for 2017, up from 12 kuna it distributed a year earlier.
The company will distribute a total of 35.9 million kuna in dividend from last year's non-consolidated net profit of 69.1 million kuna, and will allocate the remainder to reserves, it said in a bourse filing following a general shareholders’ meeting held on June 6.
Koncar Group offers turnkey construction of power plants, manufactures transformers, generators, motors, switchgear and other equipment for power generation, transmission and distribution, as well as tramcars, electric multiple units, railway plants and accompanying equipment and systems.
(1 euro=7.38970 Croatian kuna)