Transit company takes 100 mEUR out in dividends

Last year one of Estonia’s biggest transit companies, Vopak E.O.S, took out 100 million euros in dividend, paying 26.6 million euros in tax to the state.

Vopak E.O.S’ last year’s profits fell 30 percent to 34.1 million euros, while revenue decreased 16 percent to 152.3 million euros, Postimees reported today.

Vopak E.O.S., which runs oil terminals throughout the Baltic states, is a joint company registered to two Dutch companies – Investments B.V and Tankmaatshappij Dipping B.V. Both own 50 percent of the company. Last year the joint company had profits of 258 million euros.

Last year, similarly to Vopar E.O.S, the Finnish-Swedish telecommunications company, TeliaSonera, took out dividends form EMT and Elion, amounting to 41 million euros and paid 10.9 million euros in income tax.

Source: ERR News

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