JANAF proposed dividend payout of 17.63 euros per share – Croatia, 1 June 2016

At the session held on 31 May, the Management and the Supervisory Board of Croatian oil transportation company JANAF have decided to repeal its previous decision on the disposition of income from the past year.
On 12 May 2016, the Croatian Government has adopted a decision according to which all public companies which are majority owned by the state are obliged to allocate 60 % of the last year’s after tax profit to the state budget. According to the new proposal by JANAF’s Management, 60 % of the last year’s profit after allocation for legal reserves, or some 17.76 million euros, should be allocated for dividend payout, which makes about 17.63 euros per share.

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