19 Dec '08
Nizhny Novgorod pharmaceuticals company Nizhpharm has announced a Q1-3 2008 dividend payout of $20m.
The move was decided by the company's only shareholder, German pharmaceuticals company Stada Arzneimittel AG.
The dividends are to be paid by June 10, 2009, the firm said.
As Marchmont reported earlier in the Results Box (see right of homepage), the company's Q1-3 2008 net profit was down 3% on the same period last year to $12.6m.