Slovenia's Petrol plans to cut dividend to 11.1 euros per share

Petrol dd Ljubljana

14/03/2016 13:04

LJUBLJANA, March 14 (Reuters) - The management of Slovenia's 
largest fuel retailer Petrol  PETG.LJ  plans to cut its dividend 
to 11.1 euros per share from 11.7 euros paid last year, it said 
on Monday. 
    The dividend will have to be approved by shareholders at 
their meeting on April 21. Last year shareholders decided to 
raise the payment to 11.7 euros from 10.1 euros proposed by the 
management.  
    Last week Petrol reported its 2015 net profit rose by 8 
percent while sales were down by 5 percent.  urn:newsml:reuters.com:*:nL5N16J0TK 
 
 (Reporting by Marja Novak; editing by Susan Thomas) 
 ((Marja.Novak@thomsonreuters.com; +386-1-5058805; Reuters 
Messaging: marja.novak.thomsonreuters.com@reuters.net)) 
 
Keywords: SLOVENIA PETROL/DIVIDENDS