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Tallinna Kaubamaja to pay dividend of 63 cents per share
BC, Tallinn, 28.02.2017.
Print version
Print version The listed Estonian retailer Tallinna Kaubamaja Grupp is planning to pay a dividend of 63 cents per share, totaling 25.7 mln euros.
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The company's net profit last year slightly exceeded 25.7 mln euros. As at the end of last year the company's total distributable profit was 101.3 mln euros. If the company's shareholders' general meeting approves the dividend of 63 cents per share, the company's total distributable profit will be 75.6 mln euros, the company told the stock exchange.
Last year the company paid a dividend of 52 cents per share.
The shareholders' meeting is to take place on March 23 and the list of shareholders entitled to participate in the meeting will be decided at the end of March 16.
The sales of Tallinna Kaubamaja Grupp last year grew 7.7% to 598.4 mln euros, while net profit increased 16.6% to 25.7 mln euros.
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