Magyar Telekom
announces that its subsidiary, Crnogorski Telekom A.D. Podgorica, has held its
Shareholders Assembly today and made a decision on a total dividend payment of
EUR 21.5 million (around HUF 6.5 billion at the May 27, 2014 HUF/EUR exchange
rate of 303.51) for the financial year 2013.
Shareholders Assembly approved Crnogorski Telekom dividend
2014. 05. 28. 16:15:00
According to Montenegrin Accounting Standards, Crnogorski Telekom recorded a net income of EUR 18.8 million for 2013. In line with the decision of the Shareholders Assembly, the total amount of the net income and an additional EUR 2.7 million of retained earnings will be distributed as dividends. Magyar Telekom, which has a 76.53% stake in the company, is entitled to a dividend payment of approximately EUR 16.5 million (HUF 5.0 billion).
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