May 10, 2017 / 5:43 AM / 2 months ago

BRIEF-Inter Cars plans div. of 0.71 zloty/shr for 2016

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May 10 (Reuters) - INTER CARS SA:

* SAID ON TUESDAY THAT ITS MANAGEMENT RECOMMENDED A DIVIDEND OF 0.71 ZLOTY PER SHARE FOR 2016, 109.4 MILLION ZLOTYS IN TOTAL

* THE MANAGEMENT IS GOING TO RECOMMEND A DIVIDEND NO HIGHER THAN 60 PCT OF THE GROUP'S NET PROFIT OVER 2017-2019

* THE DIVIDEND WILL ALSO DEPEND ON THE COMPANY'S INVESTMENT PLANS, COMMITMENTS AND GROWTH PERSPECTIVES

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Further company coverage: (Gdynia Newsroom)

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