IN SHORT

Slovnaft to pay out Sk7.8 billion in dividends

AT AN ANNUAL general meeting on April 24, the shareholders of crude oil refinery Slovnaft agreed to pay dividends of Sk377.5 per share for last year, representing 37.75 percent of the par value of each share. In total Slovnaft will thus pay out Sk7.8 billion (€207.3 million) in dividends.

Last year the refinery's net profit was Sk8.7 billion on output of Sk93.2 billion, which was a 23.3 percent growth year-on-year, the SITA news agency wrote. Sales exceeded Sk17 billion, and the company generated added value of Sk17.6 billion, a decrease of 8.4 percent year-on-year. The majority shareholder in Slovnaft is the Hungarian concern MOL, which controls a 98.4 percent stake in the Slovak refinery.

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