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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.

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