Rail freight carrier PKP Cargo approved PLN 110 mln (27 million euros) in dividends from 2014 profits and retained earnings, in line with management recommendations, the company said in a market filing. The company will pay under PLN 54 mln (13 million euros) from profits recorded in 2014 and another PLN 56 mln (14 million euros) from retained earnings, the filing shows.
The PLN 110 mln payment was earlier described as a 40% payout against 2014 consolidated earnings adjusted for the PLN 265 mln (66 million euros) cost on a voluntary leave program.
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