Lithuanian railway company Lietuvos Gelezinkeliai (LG) will pay EUR 845,700 in dividend to the state, which accounts for 20% of its retained earnings.
The company will pay a far lower dividend due to the implementation of Rail Baltica and other projects of state significance. Under a governmental resolution, dividends of state-run companies must amount to 80% of their retained earnings, however, they can be reduced by the government’s decision. The Cabinet of Ministers gave the initial backing to the LG dividend, with the final approval expected this week.
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