Lithuania's Theca Furniture to pay out EUR 2 mln in dividends to Danish owners
2019-09-13, 13:54
Published in
Economy
REUTERS Scanpix / Regis Duvignau
The Danish-owned Kaunas-based Lithuanian furniture producer Theca Furniture posted 58.1 mln euros in revenue last year, up 12.4% from 51.6 mln euros a year ago. Its net profit rose 34% to 3.37 mln euros, according to it financial report submitted to the Lithuanian Center of Registers. Theca Furniture plans to pay 2 mln euros in dividends to it sole Danish owner Theca, after spending 1.8 mln euros on dividends a year ago. Theca Furniture had 780 employees at the end of last year, up from 773 a year ago.
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