Thus, shareholders might cash a gross dividend of RON3.4118 a share, slightly higher than the gross dividend of RON3.2678/share paid last year from the 2012 profit.

The proposal is subject to shareholder approval at a meeting due April 29.

Conpet’s preliminary net profit for 2013, announced in February, amounts to RON37.3 million, up 21% from RON30.8 million in 2012.

Conpet targets investments of RON50 million in 2014, of RON56.2 million in 2015 and of RON60 million in 2016.

The company is 58.72% owned by the Economy Ministry. Investment fund Fondul Proprietatea (FP.RO) holds a 29.7% stake.

On the Bucharest stock market Wednesday, Conpet traded at RON45.5 a share. Considering this price, the company’s market capitalization amounts to nearly RON394 million.