"East West Agro to pay a dividend of EUR 0.8 million, or 80 cents per share

East West Agro, a trading company in agricultural machinery and grain storage equipment, will pay a dividend of EUR 797.2 thousand or 80 cents per share, after generating a net profit of EUR 1.42 million last year. 

This was approved by the company's shareholders on Friday, „Nasdaq“ Vilnius Stock Exchange reported „East West Agro“. 

Shareholders distributed EUR 6.4 million of distributable profit, of which EUR 5.65 million was decided to be carried forward to the next financial year. 

The company paid a dividend of EUR 0.8 million to shareholders last year and EUR 1.7 million in 2023.

BNS wrote that „East West Agro“ last year earned earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 2.59 million – 2% less than in 2023 (EUR 2.64 million), while the company's revenue fell by 9% to EUR 31.9 million (35 million).

„East West Agro“ expects its EBITDA to grow by 1.6 times this year to €4.2 million, while revenue – will grow by 36% to €43.5 million.

40% of the company's shares are held by Danas Šidlauskas, 39.67% by Gediminas Kvietkauskas, 9.39% by the „Multi Asset Selection Fund“, and 10.92% by „ small shareholders.