Vilkyškių pieninė proposes to pay a dividend of EUR 6.45 million

Vilvi Group, one of Lithuania's largest dairy processing groups „Vilvi Group“ owned by Vilkyškės pieninė, which made a net profit of EUR 16.58 million last year, is proposing to pay a dividend of EUR 6.45 million or 54 cents a share. 

Shareholders will decide on this on 29 April, Vilkyškių pieninė said on the Vilnius Stock Exchange, via the Nasdaq.

Shareholders will be required to distribute a total of EUR 51.47 million of profit, of which EUR 45.02 million is proposed to be carried forward to the next year. 

The company paid a dividend of €3.7 million to shareholders last year for 2023 and €3.2 million for 2022. Vilkyškių pieninė owns subsidiaries „Modest“, Kelmės pieninė, „Kelmės pienas“, „Pieno logistika“, and Latvia's „Baltic Dairy Board“.

The company's shares are listed on the Official List of the Stock Exchange.