In 2012, Aerostar paid a gross dividend of RON0.072 a share.
The company may pay total dividends of RON9.2 million, representing 60% of 2012’s preliminary net profit.
The proposal will be discussed in a stockholders’ meeting scheduled April 25, according to a statement sent to the Bucharest Stock Exchange.
Aerostar’s net profit was RON15.1 million in 2012, up by almost one third from RON11.6 million in 2011.
In 2012, Aerostar’s operating revenue rose 28% to RON206.2 million, compared to RON161.5 million in 2011, and costs advanced 28.5% to RON189 million, compared to RON147 million in 2011. Its operating profit rose 19% to RON17.2 million in 2012, compared to RON14.5 million a year before.
Aerostar has a share capital of RON37.4 million split into 117.1 million shares with a face value of RON0.32.
The company is 71.09% owned by Iarom Bucuresti, while regional investment fund SIF Moldova (SIF2. RO) holds 12.46%.
On the Bucharest Stock Exchange Wednesday, Aerostar closed up 0.19% to RON1.598 per share. (EUR1=RON4.4219)