„Grinda“ last year tripled its net profit to 5 million euros, will not pay dividends

„Grinda“ last year tripled its net profit to 5 million euros, will not pay dividends

The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 1.9 times to 8.4 million euros (4.4 million euros), while revenue increased by 11% to 52.2 million euros (47 million euros), the company announced on Monday.

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As stated in the report submitted to the Register Center, the company will not pay dividends this year because it plans to use the accumulated profit for investments: “Since 2023, the company has not paid dividends, prioritizing strategic development and investments in core activities.”

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