Grupa Azoty PUŁAWY Board in favor of paying out a dividend
On April 7th 2015, the Board of Grupa Azoty PUŁAWY took the decision to recommend to the Supervisory Board the payment of 134,380,000 PLN dividend for 2014 to the shareholders.
Financial results and the dividend
In 2014 financial year Grupa Azoty PUŁAWY made a consolidated profit of 225 million PLN, as compared to 305 million PLN in 2013. The revenue was 3.65 billion PLN (3.8 billion in 2013) and EBIDTA stood at 394 million PLN (478 million PLN in 2013). Basing on this information, the Board of our Company recommended allocating 134.38 million PLN from the profit to the payment of the dividend to the shareholders, or 7.03 PLN per share.
Decision at the General Meeting of Shareholders
The recommendation was forwarded to the Supervisory Board, while the final decision to pay out the dividend will be taken by the General Meeting of Shareholders of our Company.
Dividend for 2012/2013
Last year the Board of Grupa Azoty PUŁAWY recommended the payment of a dividend of 163.43 million PLN, or 8.55 PLN per share. The General Meeting of Shareholders took the decision to increase this figure. In the end, following financial year 2012/2013 (July 1st 2012 to June 30th 2013) the shareholders received 10.38 PLN per share, or 198.4 million PLN in total.