Alcohol, Financial Services, Industry, Latvia, Retail

International Internet Magazine. Baltic States news & analytics Thursday, 21.06.2018, 16:43

Latvijas Balzams distillery plans to pay EUR 1 per share in dividends

BC, Riga, 15.06.2017.Print version
Latvijas Balzams distillery plans to pay EUR 1 per share from last year’s profit and part of undistributed profit for previous years, according to the company’s statement to the Nasdaq Riga stock exchange on draft decisions of the shareholders meeting.

In total EUR 7,496,900 will be paid in dividends, including EUR 7,472,039 paid from last year’s profit, and EUR 24,861 paid from the profit for previous years. July 28, 2017 has been set as the date of calculation of dividends and August 4, 2017 as the date of payment of dividends.

Shareholders will hold their annual meeting and decide on payment of dividends on June 28.

The shareholders also plan to hear reports of the board and supervisory board, approve last year’s financial report, elect auditor for the audit of annual reports for 2017 and determine remuneration for auditor.

As reported, Latvijas Balzams posted EUR 75.72 mln in sales last year, up 2.6% from 2015.

Latvijas Balzams has been part of Amber Beverage Group since October 2014. Amber Beverage Group was created by a combination of Baltic companies - Latvijas Balzams, beverage distributors SPI Distribution Latvia, SPI Distribution Estonia and Bennet Distributors in Lithuania, and also the specialized beverage store chain Latvijas Balzams Veikali in Latvia and Darija in Lithuania. Amber Beverage Group was founded by and belongs to the Netherlands-registered company S.P.I. Regional Business Unit B.V.

Latvijas Balzams shares are quoted on the Secondary List of the Nasdaq Riga stock exchange.

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