TALLINN - Shipping company Tallink, which earned 37.5 million euros of profit last year, will not pay any dividends to its shareholders, Public Broadcasting reports.
Tallink's council and board made a proposal to the shareholders that the net profit for the financial yearSept. 1, 2010 –Dec. 31, 2011 of 37,476,000 euros to be allocated as follows: 1,873,800 euros to be transferred to the mandatory legal reserve; 35,602,200 euros to be transferred to the retained earnings.
Tallink had an extraordinary five-quarter financial year last year, staring from September 2010 to December 31 last year.
The company's annual general shareholders’meeting will take place on June 7.
Please enter your username and password.
2024 © The Baltic Times /Cookies Policy
