Dong's impressive annual report is no cause for public rejoice
Despite the company's ambition to be the share of the Danish people, the country's population only actually owns a fraction of Dong compared to the rest of the C20 shares. However, the CEO thinks the company enjoys the support of the populace.
Thursday morning, Denmark's Dong Energy presented an annual report which blew the competition out of the water. After three years of large deficits, the energy company booked a profit of DKK 10.4 billion (EUR 1.4 billion) in its first annual report as a listed company, while shareholders can get out their champagne and prepare to celebrate the company's recommendation to pay DKK 2.5 billion in dividends.
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