The dividends will be paid from the balance of the account containing undistributed profit as of December 31, 2022, the company said in a report to the Bucharest Stock exchange. Judging from the stock price on November 15, RON19.4, the yield is 12.1%.
The proposed date of record is January 11, 2023 and the ex-date is January 10. The payment of the dividends should be made on February 1.
Atelierele CFR Grivita posted RON25.1 million net revenue in the first half, a decline of 32.4% on the year-ago period, while net profit reached RON2.6 million, an increase of 18.7%. Expenses shrank by about 30% to RON22.5 million.
(English version by Loredana Fratila-Cristescu)