16 May, 2007

Czech Republic: Starobrno shareholders to get Kc65 dividend

Shareholders of brewery Starobrno will get a dividend of Kc65 per share this year, the same amount as last year, an annual general meeting decided today. Last year's profit reached Kc107m, a growth of Kc1m on the year, Czech News Agency reported May 10.

Starobrno has about 10,000 shareholders, according to 2005 data. Werner Mihatsch has replaced Josef Nagl of Austria on the supervisory board. Nagl had spent five years at the company. Starobrno, based in Brno in southern Moravia, reported the best results ever last year. Overall turnover amounted to Kc1.444bn, up 7.4 percent over 2005, and beer sales increased by Kc75m in the Czech Republic year-on-year to Kc1.287bn. Starobrno has been a part of the group Heineken, the 4th largest beer producer in the world, since 2003.

Starobrno employed 399 staff last year.

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