Echo Investment again without dividends

The management board decided to advise the Supervisory Board to allocate the entire net profit from 2010 into the firm’s supplementary capital.

The management board of Echo Investment, a company engaged in an office market, decided to advice the supervisory board to exclude the entire 2010 net profit from distribution among shareholders and to allocate it to the supplementary capital of the firm, in order to use it for current operations.

Despite the income being higher than in 2009 by 11 m (nearly 39 m PLN), the decision is not surprising, because since 2005 the dividend policy of the firm have been the same.

Therefore, ECHO’s share prices did not fall, in contrary, there was a slight increase in value. Today’s opening price amounted to 5.48 PLN.


0.0
Tags:
Be the first to comment
mantra