Businessman Radu Dimofte, the company’s majority shareholder, will receive a total RON8 million.
Stock market data show that Radu Dimofte owns 287,902 PRBU shares, which means 48.5% of the company’s share capital. Based on the trading price of RON1150 in the market and a gross dividend of RON28.06 per share, the dividend yield reaches 2.4%. The dividend payment will be made on April 29.
Practic Bucuresti has a market value of RON683 million after its shares have lost 14.8% in the last year. The shareholding structure also includes Cyprus-based International Business & Trading Corporation RO, and Bucharest-based Wellkept Group, with ownerships stakes of 32% and 12%, respectively.
The company ended the first six months of 2023 with a net profit of RON15.4 million, down 40.9% on the year, and operating revenue of RON21.2 million, down 64.3% on the year, mainly due to revenue generated from selling a plot of land in 2022, as per data from the its half-year financial report published at the Bucharest Stock Exchange.