This would be the first time that the company does not pay a dividend since 2013.

Energoprojekt published a convocation of the General Assembly in which the management of the company proposed the 2018 net profit of RSD 763.5m to be undistributed.  

Note that this would be the first time that the company does not pay a dividend since 2013, while in the past four years, the company has paid a consistent dividend of RSD 20 per share.

The proposed no dividend payement is subject to approval at the General Assembly which will be held on 28 June 2019.

In the graphs below, we are bringing you a historical overview of the company’s dividend per share and dividend yield.

Dividend per Share (RSD) & Dividend Yield (%) (2014 – 2018)

As a reminder, Hungary represents DIGI’s second largest market, accounting for 19.6% of the total Q1 2019 sales.

DIGI published a document stating that the company’s Hungarian subsidiary, DIGI HU, launches mobile telephony services through its own network. The launch comes after a four-year process of investment, planning and implementation. 

Following the launch, the services portfolio of DIGI HU will include fixed telecommunications services (cable television, fixed internet and telephony) and mobile telecommunications services (mobile telephony and data), as well as satellite television (direct to home – DTH). DIGI HU’s network will use the 4G standard (but will allow the use of the 2G standard for voice services, exclusively for existing compatible phones).

As a reminder, Hungary represents DIGI’s second largest market, accounting for 19.6% of the total Q1 sales. In Q1 2019, DIGI observed an increase of 47.5% in this market, amounting to EUR 55m. This increase was mainly due to their acquisition of Invitel and the increase in the prices of internet services starting with March 2019.