Celje, 16 April (STA) - The shareholders of Cinkarna Celje will decide at the annual general meeting on 21 May on the proposal that the chemical company pay out dividends for this year at EUR 1.80 gross per share, twice as much as last year, the company announced on Wednesday.
The distributable profit of the Celje-based company for last year amounts to almost EUR 23.1 million, of which EUR 14 million has been proposed to be returned to shareholders.
The management of Cinkarna Celje has also proposed that the remaining EUR 9.1 million be kept as retained earnings, and that the dividend payout be carried out on 27 June.
The company's largest shareholders are Slovenian Sovereign Holding (SSH), the state asset custodian, which holds a 24.4% stake, and the state-owned insurer Modra Zavarovalnica with a 20.17% stake.
As of last July, the third largest shareholder is the German financial giant Allianz through its Croatian pension fund manager Allianz ZB, which holds a 5.32% stake.
Cinkarna Celje also published audited results for 2024, reporting sales revenue of EUR 200.3 million, or 13.5% more than in the year before, while net profit surged by 82% to EUR 23.1 million.
The company, whose main product is titanium oxide pigment, said that although it does not have direct exposure to the US market, it is actively monitoring the situation and maintaining flexibility in the commercial strategy.
Cinkarna Celje plans to generate EUR 206.3 million in sales revenue this year, and EUR 15.3 million in net profit.
