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Report: PZU to earmark up to 100% of 2017 profit for dividend payout

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Report: PZU to earmark up to 100% of 2017 profit for dividend payout

PZU SA intends to propose a dividend payment amounting to between 66% and 100% of its 2017 net profit, PAP news agency reported March 15, citing CEO Pawel Surówka.

Poland's largest insurer posted 2017 consolidated net profit attributable to equity holders of the parent company of 2.91 billion Polish zlotys, up from the restated 1.94 billion zlotys in 2016. The company paid a per-share dividend of 1.4 zlotys, totaling 1.2 billion zlotys, from its 2016 profit, PAP noted.

As of March 15, US$1 was equivalent to 3.42 Polish zlotys.