Dividend policy

SkiStar's dividend policy means that the dividend shall be paid annually by at least 50% of profit after tax.

The policy is determined on the basis of SkiStar having a strong financial base, combined with a strong cash flow, allowing for a generous dividend policy while the investments can for the most part, be funded from own resources.

In view of the financial effect that the spread of the novel coronavirus is having on SkiStar and the continuing uncertainty regarding its impact on the Company’s operations, the Board proposes that no dividend be paid for the 2019/20 financial year and that all profits be carried forward. The AGM resolved in accordance with the Board's proposal.