In 2012, Antibiotice Iasi’s Board also proposed the shareholders to increase the company’s share capital, by capitalizing on dividends from previous years, but the shareholders decided to distribute the company’s profit. At that time, the decision to pay out dividends was made by the Health Ministry, which owns 53% in Antibiotice Iasi, after two years in which the company no longer paid out dividends.
Antibiotice reported profit of RON27.4 million in 2012, up 33% from 2011, according to its preliminary results.
For 2013, Antibiotice forecasts 19% higher exports to RON82 million, compared to 2012, after extending partnerships on the US market and in other countries.
Antibiotice’s shareholding structure includes the Health Ministry, with a 53.02% stake, and investment fund SIF Oltenia (SIF5. RO) with a 10.09% stake.
On the Bucharest bourse, Antibiotice last traded at RON0.4278 a share. (EUR1=RON4.3465)