April 25, 2014 / 10:51 AM / 3 years ago

Czech Philip Morris approves CZK 820/share dividend

PRAGUE, April 25 (Reuters) - Shareholders of tobacco firm Philip Morris Czech Republic approved on Friday paying out a 820 crown dividend per share from 2013 profit and retained earnings, the company said.

The company will also pay 60 crowns per share from a dissolved reserve fund.

Last year the Czech cigarette maker paid a dividend of 900 crowns per share.

Consolidated net profit dropped by 8.8 percent to 2.23 billion crowns, putting earnings per share at 811 crowns. (Reporting by Robert Muller)

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