Wednesday, March 25, 2015

PKN Orlen recommends zł 1.65 dividend per share – Onet.pl

“The Board of the Polish Oil Concern Orlen SA announces that it has decided to propose to the Ordinary General Meeting amount of EUR 705 719 950.65 zł for the payment of a dividend (1.65 zł 1 share). dividend will be paid from the reserve capital of the company created from the earnings. The Management Board proposes to June 16, 2015 as the date of the dividend and July 8, 2015 year as the dividend payment date “- said in a press release.

In addition, the Board proposes to cover the net loss for the fiscal year 2014 in the amount of 4,671.83 million zł from the supplementary capital of the company.

At the end of January vice president. Slawomir financial Jędrzejczyk said that there is no doubt that the company will pay a dividend for 2014 years, and reflects only its level. He recalled that, despite a net loss of PKN Orlen has ability to pay dividends out of capital.

Last year, shareholders PKN Orlen decided to allocate the amount of 615.90 million zł, ie. 1.44 zł for dividend from the profit for 2013 years.

PKN Orlen Group manages six refineries in Poland, the Czech Republic and Lithuania. Group consolidated revenues in 2014 reached 106.83 billion zł.

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