Coverage of high-potential mid-market firms in Poland

Article

Tauron power won't recommend dividend payment for 2016 - filing

TAG'S:

Listed power group Tauron will recommend its shareholders covering the 2016 loss of PLN 166.3 mln with prior-year profits, and won't seek a payout from retained capital, Tauron said in a market filing.

The decision is tied to Tauron's investment program of ca. PLN 18 bln to 2020 and the need to keep net debt to EBITDA capped at 3.5x, the firm said.

 

Back in November 2016 Tauron said it should be able to return to regular dividend payments as of 2020.

2017-03-14



Comments : 0

Add comment

The published comments are private opinions of the users. Biznespolska Media Sp. z o.o. is not responsible for their content. Intelligent and insightful comments most appreciated.

Other News

Photo of the week

Photo of the week

Krzystof Skora, chairman of KGHM Copper will play a critical role in guiding the company towards achieving its ambitious target of PLN 7bn EBITDA in 2021.

2017-05-25

WSE Indices


NameValueChangeTime
WIG20 2344,26 +0,83 % 14:17
WIG 61311,65 +0,82 % 14:03
sWIG80 16216,39 +0,39 % 14:03
NCIndex 330,59 -0,25 % 14:00
2017-05-25

WSE Companies


Top 5 Gainers

NameValueChange
CZERWONA TOREBKA0,99+28,57 %
DROP1,95+10,80 %
ERG65,90+9,65 %
PC GUARD0,13+8,33 %
PROJPRZEM8,99+8,18 %

Top 5 Losers

NameValueChange
YOLO S.A.4,81-41,41 %
REGNON0,31-16,22 %
PBS FINANSE1,31-10,27 %
SKYLINE INVESTMENT0,77-9,41 %
ZREMB-CHOJNICE0,43-8,51 %