Planinka approves interim dividend of RSD 700 per share – Profit in first six months of 2016 amounts to RSD 257.5 million

Kursumlija-based hotel company Planinka, known for its Prolom Voda filling factory, among other things, approved an interim cash dividend payment at the Extraordinary General Meeting held on November 23.

Shareholders will receive gross dividend of RSD 55.6 million, i.e. RSD 700 per share, with November 25 as the record date. The dividend will be paid in two equal tranches on December 9, 2016, and January 5, 2017.

Planinka had a consolidated income of RSD 961.8 million (growth of 13.3%) in the January-June period, whereas the net profit jumped by 29.7% to RSD 257.5 million.

The company's stock increased by 47.5% YTD, and its market capitalization amounts to RSD 1.9 billion (EUR 15.8 million) at the current price of RSD 29,800 per share, Wisebroker reports.

Planinka a.d. Kuršumlija

Planinka Kursumlija

Prolom Voda

Planinka profit

Planinka dividend

Planinka income