BUDAPEST: The Richter Gedeon stated that the board will propose payment of a HUF 33-per share dividend on 2014 earnings to shareholders at an annual general meeting on April 28, the company announced on the Budapest Stock Exchange website.
Richter had net profit of HUF 19.108 billion in 2014, less than half of the HUF 46.686 bilion earned in the last year. Richter Gedeon is a pharmasisit company working since 1901 and in 1907 the rapidly growing company moved its production into a newly built factory in Budapest’s Kőbánya district. The first drugs produced here included a disinfectant, fever and pain relievers, the most famous of which was Kalmopyrin (acetylsalicylic acid), which is still used today.
