Telefonica Czech approves CZK 27 per share dividend for 2011, capital reduction.

By bne IntelliNews April 20, 2012
Shareholders of Telefonica Czech Republic have approved a dividend payment of CZK 8.696bn, or CZK 27 (EUR 1.1) per share, for 2011, the company said in a statement. Last year the company paid a CZK 40 per share dividend. For the dividend payout the company will use part of 2011 profit and retained profits. Telefonica posted a consolidated net profit of CZK 8.684bn for 2011, by 29.3% lower than in 2010. Standalone profit totalled CZK 7.65bn. The shareholders also voted on cutting the company's capital to CZK 28bn from CZK 32.2bn by reducing the nominal value of shares by CZK 13. The general shareholders meeting gave its backing to a five-year share buyback programme for up to 10% of the company's shares. Telefonica Czech is the largest telecommunications company in the country serving 4.942mn mobile users and 1.58mn fixed-line clients. It is owned by Spanish Telefonica, one of the world's largest telecommunications operators by market capitalisation.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  3. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  4. Russia’s war economy boosted by rising oil prices
    8 days ago
  5. Poland’s Orlen paid $400mn to scammers for oil that never arrived
    12 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    27 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss