Estonia's shipping group Tallink says plans no dividend for fiscal 2007

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.