Tallinn (Thomson Financial) - The Estonian shipping company Tallink said it does not plan to pay a dividend in the financial year that ended in August.
According to the company's annual report, Tallink will instead continue its earlier policy of making investments a significant priority.
Tallink is paying some 36.6 mln eur for ships under construction in the current financial year and a further 94 mln kroons in financial year 2008/09.
Tallink also did not pay dividends to its owners for the financial year ended in August 2006. About a year ago the company said that it planned to revise its dividend policy during 2007. tf.TFN-Europe_newsdesk@thomson.com vs/ejb COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.