Czech RWE says will pay entire profit in dividends

03.04.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, April 3 (Reuters) - RWE Transgas, the Czech unit of Germany's RWE , will pay the entire 8.19 billion crown ($390.9 million) 2006 net...

...profit in dividends, Chief Executive Martin Herrmann said on Tuesday.

He told reporters the company had hedged the amount in the market so the payment should not have any impact on the crown currency's exchange rate. Large dividend payments are closely watched by players on the Czech foreign exchagne market.

Herrmann said the payment would be made in April.

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