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Pulawy chemicals passes PLN 10.38 DPS from 2012/13 profit, higher than expected

TAG'S: PULAWY, Chemicals Industry

 

Listed chemicals firm Pulawy, a unit of Grupa Azoty, approved a dividend payout of PLN 10.38 per share or a total of PLN 198.4 mln from the fiscal year 2012/13 net profits, above the management recommendation for PLN 8.55 DPS, the firm said in a market filing.

 

January 3, 2014 will be the dividend rights day and the payout will be made on January 17.

 

FY 2012/13 consolidated financial statements showed Pulawy with an attributable net profit of PLN 390.2 mln.

 

The payout represents a dividend yield of some 5.5% as calculated against the PLN 187.5 share price from 11:07 on Friday.

 

From the previous year profit Pulawy paid PLN 9.4 DPS, above PLN 5.24 recommended by the management but below PLN 12.25 proposal from a financial shareholder.

Source: GPW

2013-11-30



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