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Tuesday, 23.04.2024, 09:12
Lithuanian Co Lietuvos Dujos will pay EUR 15.4mn as dividends
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The amount allocated for dividends is equal to net profit of the Company for 2013 from the continued activities, i.e. excluding net profit from gas transmission activity which was transferred to AB Amber Grid. The decision regarding the payment of dividends was taken after no decisions on appropriation of profit for 2013 had been made during the General Meeting of Shareholders on 30 April, 2014.
Furthermore, in order to make uniform the principles of reserve formation applied in financial statements of all the companies of the Lietuvos Energija Group, a decision was taken at the Meeting of Shareholders to transfer other reserves in the amount of LTL 328 million (EUR 95 million), which had been formed previously within several years by AB Lietuvos Dujos, to the Company's retained earnings. Thus the equity will be more clearly disclosed in financial position statements.
The state-managed group of energy companies, Lietuvos Energija, UAB, controls 96.64 percent of shares of AB Lietuvos Dujos.
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