The shareholders of State Printing House passed the proposed 35 HUF dividend and approved the 2010 financial statements.
The Annual General Meeting of State Printing House held on April 19, 2011 approved the 2010 financial statements including consolidated net sales of HUF 17.1 billion and the net profit of HUF 860 million, as well as the report of the Supervisory Board and the Auditor. The General Meeting supported the Board of Directors’ proposal for a dividend of HUF 35 and therefore, 58 % of the 2010 EPS will be distributed by the Printing House to its shareholders. The rest of the profit after tax will be used by the Company for the financing of investments and developments in order to support further growth.
The General Meeting agreed unanimously in the extension of authorization for the acquisition of treasury shares. According to this, the Board of Directors has the right to purchase treasury shares to the extent of maximum 20 % of the share capital for the possible maintenance of exchange rate as well as for the share option program.
The General Meeting elected unanimously dr. György Karády to Member of the Board of Directors and elected also unanimously dr. János Stumpf to Member of the Supervisory Board.
„We are glad, that the shareholders supported the dividend proposal. Thus, we can supply financial background to the investments and developments which are absolutely necessary for us to lead in the field of the dynamically developing electronic ID solutions. The shareholders trust in our development strategy as well, due to which we can expect a successful year.” – declared Gábor Zsámboki, CEO of State Printing House Plc.
State Printing House Plc.