MOL committed to return to usual practice of paying dividend
Nevertheless, the company will not pay dividends on profits from 2009. MOL’s shareholders approved at the meeting to place 2009 profits into profit reserves.
MOL also did not pay out a dividend from profits from 2008 when it bought a 22.2 percent stake in Croatian peer INA, becoming company’s biggest shareholder. MOL is targeting consolidated EBITDA of $4.1 billion (Kč 78.63 billion) in 2012, based on its existing asset portfolio, up from $2.3 billion in 2009.
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