Spectator on facebook

Spectator on facebook

IN SHORT

Gas utility SPP to pay out Sk19.9 billion

THE GAS utility Slovenský plynárenský priemysel (SPP) closed last year with an after-tax profit of Sk20.6 billion (€549.3 million), down 4.6 percent year-on-year, while its revenues increased 15.2 percent to Sk93 billion (€2.5 billion).

The company's shareholders decided at a general assembly meeting on May 16 that Sk19.9 billion from last year's profits will be paid out in dividends, the SITA news agency wrote.

The state owns a 51 percent stake in SPP and will thus collect Sk10.1 billion (€269.3 million) in dividends.

According to SPP's economy and finance division director, Libor Briska, SPP will pay a total of Sk15.5 billion to the state, of which Sk5 billion is in corporate income tax.

The shareholders also decided that SPP's unbundling will be carried out on July 1, when SPP's 100-percent subsidiaries, the gas transit company SPP-Preprava and the gas distribution company SPP-Distribúcia, will launch operations.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

UPDATED: Denník N: Danko is a plagiarist

The daily analysed the thesis identical to that of Parliament's Speaker Andrej Danko to find it was copied from textbooks. Danko does not plan to resign, he wants to wait for the stance of a special commission.

Speaker of Parliament Andrej Danko

Vallo: I will face up to the people no matter what

The new Bratislava mayor has four broad priorities to accomplish.

Matúš Vallo discusses the municipal elections at the SME daily.

For a Decent Slovakia gatherings return to streets

Protests will be held in Bratislava, Košice, Prievidza, Poprad, and even Brussels.

Slovakia has many skilful people. Students should meet them

The new project by the Pontis Foundation tries to motivate young people through stories of successful business people.

The presentation of This is 21 project