Wittchen with PLN 15.2 million for 2017 dividend

The Board of Directors of Wittchen has recommended allocating PLN 15.2 million from the net profit for 2017 (PLN 18.26 million) for the annual dividend, the company said. "In accordance with the adopted resolution, the management board recommends allocating the net profit for 2017 in the amount of PLN 18,261,061.62 to: - payment of a dividend in the total amount of PLN 15,246,438.48 and - the remaining amount of PLN 3,014,613.14 to be allocated to supplementary capital, " the release read. At the same time, the company emphasized that the final decision on the allocation of net profit for the 2017 financial year will be made at the ordinary general meeting of the company. Last year, shareholders of Wittchen decided to allocate PLN 15.04 million for dividends, which meant a payment of PLN 0.83 per share. Wittchen is a seller of leather accessories and accessories. It also sells leather footwear and clothing and travel accessories. The company has been listed on the Warsaw Stock Exchange since 2015.