Spectator on facebook

Spectator on facebook

SPP to distribute Sk19.3 billion in dividends

GAS utility Slovenský plynáresnký priemysel (SPP) recorded a profit of Sk21.6 billion (€543 million) last year. The state, as a 51 percent shareholder, will thus gain Sk9.8 billion (€246 million) in dividends, the SME daily wrote.

The SPP will also pay another Sk5.4 billion (€136 million) to the state in the form of the income tax.

The SPP's general assembly yesterday decided that of the profit Sk19.3 billion (€485 million) would be paid in dividends. The other SPP shareholders are German Ruhrgas and French Gas de France who privatized the SPP minority 49-percent stake three years ago.

This year SPP plans to invest Sk4.8 billion (€121 million), of which around Sk2 billion (€50 million) should go on connecting municipalities to gas distribution networks.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.