The Board of Inter Cars SA will recommend the amount of PLN 10m to be paid out in the form of a dividend for 2013, because of planned expenditure for investments in Logistic Centres – stated the Company in their quarterly report.

The total cost of investment is PLN 155m, and PLN 120m will be spent on this investment between 2014 to 2015. The aim of this investment is to build a new logistic centre (central warehouse) for Inter Cars Group, located in Zakroczym.

Dividend policy of Inter Cars SA assumed that the Board recommend dividing the profit for financial years 2011-2013 and shall suggest paying out the amount of profit exceeding PLN 100m, but not more than 20% of consolidated net profit of the whole IC Group, and not more than 100 per cent of separate profit of Inter Cars for one financial year.

In 2013 the consolidated net profit of Inter Cars SA was PLN 146.3m (PAP)

kuc/ jtt/

source: www.bankier.pl
28-02-2014
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