Press Releases

Budapest, May 23, 2013 15:30

Magyar Telekom announces that its subsidiary, Crnogorski Telekom A.D. Podgorica, has held its Shareholders Assembly today and made a decision on a total dividend payment of EUR 22.9 million (around HUF 6.6 billion at the May 22, 2013 HUF/EUR exchange rate of 289.03) for the financial year 2012.

According to Montenegrin Accounting Standards, Crnogorski Telekom recorded a net income of EUR 19.9 million for 2012. In line with the decision of the Shareholders Assembly, the total amount of the net income and an additional EUR 3.0 million of retained earnings will be distributed as dividends. Magyar Telekom, which has a 76.53% stake in the company, is entitled to a dividend payment of approximately EUR 17.5 million (HUF 5.1 billion).