Polkomtel shareholders to get zl. 200 million dividends?

The supervisory board of Polkomtel, the Plus GSM's operator, decided that half of last year's net profit will be given to shareholders in the form of a dividend. The final decision depends on the general shareholder's meeting scheduled for March 31, but by that time other factors may come into play which could mean this idea might be revised. After three quarters of 2002 the operator posted a net profit of zl. 519 million. If the dividend is paid out this would mean that Vodafone, TDC, KGHM Polska Miedz and PKN Orlen, each of whom holds a 19.6% stake in Polkomtel would receive zl. 50 million each. This sum will increase after Q4 results are announced, which always enjoys bumper results. (Puls Biznesu, p. 3) A.C.