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Will PTC pay out a dividend from its zł.938m 2004 profit?

According to analysts this would outrage Vivendi. According to unofficial information, the real net profit of PTC for 2004 stands at zł.938 million on revenues of zł.6.42 billion. "As shareholders we hope to receive a fair share of this," said Zygmunt Solorz-Żak. Obviously PTC would not be able to pay out the dividend without the consent of the other key shareholder, Deutsche Telekom. "We gave our recommendation to the supervisory board, but we do not want to comment on it. The potential pay out would not harm our financial standing," said PTC's spokesman Witold Pasek. Analysts agree that this would not hurt the company but, "The legal ownership question is that unclear that it could turn out in a few months that Elektrim paid out the earnings illegally and has to give it back," said Michał Marczak from DI BRE. (Puls Biznesu, pp. 1, 5) M.M.

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