In 2012, Artego paid gross dividends worth RON2.3 million from last year’s net profit of RON4.3 million.
In January to September, Artego posted 0.9% higher turnover to RON140 million and profit of RON6.7 million, nearly tenfold higher on the year.
The company is 70.04% owned by the employees association, Viorel David, chairman of the board and general manager, owns 4% of the stock, while Electroarges holds a 10.05% stake.
Artego is Romania’s only producer of rubber bands for material transportation.
On the Bucharest Stock Exchnage Friday, Artego closed at RON8.74 per share. (EUR1=RON4.4747)