Croatia's largest telecom, Hrvatski Telekom (HT), said on Wednesday that the company would pay out 641.9 million kuna (€85 million) in dividends to shareholders.

This represents about 91 percent of the total net profit the company, majority-owned by Deutsche Telekom, had posted in 2020. The remaining 9 percent, or 61.9 million kuna (€8 million) the company will retain.

The proposal has to be approved in a shareholders’ general assembly, scheduled for 23 April. The proposed dividend, which comes out as 8 kuna (€1.05) per share remains unchanged from 2020.

(€ 1 = 7.57)