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PKP Cargo logistics recommend 50% dividend payout ratio, or some PLN 32.7 mln from 2013 profit

TAG'S: Industrial (other)

 

Listed rail freight carrier PKP Cargo recommended a payout of 50% of 2013 consolidated net profit or some 32.7 mln, the company said in a market filing late Friday.

 

Some PLN 61.4 mln will be allocated to retained profits. The decision has yet to be approved by the company`s supervisory board.

 

PKP Cargo CEO Adam Purwin said on Friday that the company planned to recommend a 50% payout ratio.

2014-03-18



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