Last year, the Ministry of Finance withdrew the largest dividend to date from Czech Aeroholding. Although the company’s management proposed the payment of 503 million crowns, the state eventually took 2.485 billion crowns after tax, ie almost five times more. He wrote on the Zdopravy.cz server, to which the information was confirmed by the aeroholding and the Ministry of Finance. In 2016, for which the dividend was paid, aeroholding made a profit of 2.52 billion crowns. The main part of the company is Václav Havel Airport Prague.

The unprecedented high dividend left the aeroholding at a time when the company is preparing for the largest investment project in the last decade, which is the construction of a parallel runway and the expansion of terminals, writes the server. But the state decided that the money in the company’s accounts was not needed.

“The amount of the dividend was determined with regard to the company’s cash flow and rating. The relatively high amount of retained earnings of the company was also taken into account when deciding on the amount of the dividend,” said Filip Běhal from the Ministry of Finance’s press department.

Aeroholding According to its spokeswoman Marika Janoušková, she is still preparing investments in future development, she has prepared events worth 27 billion crowns. “The dividend was paid in view of the amount of retained earnings and the exceptionally good financial results of our company in accordance with the decision of the sole shareholder.

The dividend paid for 2015 was already extremely high in the amount of 1.25 billion crowns, a year earlier it was 306 million. In addition to Prague Airport, Czech Aeroholding also includes the company Handling of Czech Airlines, which deals with passenger and cargo handling, and a company focused on aircraft repair and maintenance Czech Airlines technology. The Ministry of Finance is the sole shareholder of aeroholding.