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Krosno: no dividend for 1996

The Polish glass maker Krosno SA plans to pay no dividend for 1996, putting Zl 9.8 million of its Zl 10.1 million net profit into reserve capital, the firm said recently in a statement. The rest shoul…

The Polish glass maker Krosno SA plans to pay no dividend for 1996, putting Zl 9.8 million of its Zl 10.1 million net profit into reserve capital, the firm said recently in a statement. The rest should go to supervisory board members and to a social fund for employees. Shareholders will vote on the proposal on 25 June.

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