Home » Business » ‘Madara Cosmetics’ plans to pay 0.4 euros per share in dividends from last year’s profit

‘Madara Cosmetics’ plans to pay 0.4 euros per share in dividends from last year’s profit

Cosmetics Manufacturer »Madara Cosmetics“It is planned to pay 0.4 euros per share in dividends from last year’s profit, according to the information provided by the company to the stock exchange”Nasdaq Riga“on draft resolutions of the regular shareholders’ meeting.

Content will continue after the ad

Advertising

According to the draft resolution of the shareholders’ meeting, it is planned to pay a total of 1,507,697 euros in dividends from the profit earned in 2020, but it is planned to leave the remaining part of the profit earned last year in the amount of 1,937,475 euros undistributed.

It is planned to set June 29, 2021 as the “ex-date” of dividends, ie the date from which the shareholders will not receive dividends for the acquired shares for which a decision has been made to pay dividends. It is planned to set 30 June 2021 as the dividend entry date, but 1 July as the dividend payment date.

The regular meeting of Madara Cosmetics shareholders will take place on June 14.

It has already been reported that Madara Cosmetics had a turnover of 16.075 million euros last year, which is 39.2% more than a year earlier, while the company’s profit increased 2.2 times and amounted to 3.445 million euros.

The largest owners of the company are Uldis Iltners (23.93%), Lote Tisenkopfa-Iltnere (23.77%), Finland Transmeri Group Ab (22.94%), Zane Tamane (6.67%) and Liene Drāzniece (6.79%). Madara Cosmetics shares are listed on the Nasdaq Riga alternative market First North.

The content of the publication or any part of it is a protected copyright object within the meaning of the Copyright Law, and its use without the permission of the publisher is prohibited. Read more here. –

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.