The amount of RON48 million does not include the profit for 2012, according to a summoner Ductil sent Monday to Rasdaq market of the Bucharest Stock Exchange BVB.
Ductil is 72.32% owned by Italian FRO-Airliquide Welding, while Broadhurst Investments Limited holds 11.7%. The rest is distributed among minority shareholders.
Broadhurst’s proposal will be analyzed in a stockholders’ meeting scheduled March 18.
Ductil’s net profit fell 23.9% on the year to RON5 million in January to September 2012, driven by flat sales of RON109 million. It said its revenue decreased by a mere 0.7%, to RON114.53 million, while costs rose nearly 1%, to RON107.77 million in the mentioned timeframe.
On the Bucharest Stock Exchange Monday, Ductil shares traded at RON0.458 a share. (EUR1=RON4.3998)