In the first semester of 2015, the company was on schedule with meeting its objectives and the six administrators would receive a total bonus worth 45,000 lei (EUR10,000), representing their share from the difference between the RON35 million net profit and the RON24 million forecasted profit.
The final amount will be paid in 2016, after the stockholders approve the annual financial records.
The company’s six non-executive members will also cash in for 2015’s activity a fixed maximum bonus of RON50,160.
In the first semester, Conpet reported a record-high net profit of RON35 million, up 13% from the same period a year before, due to higher regulated tariffs and increased volatility.
Conpet is majority owned by the state, through the Energy Ministry, with a 58.7% stake, while Finnish fund KJK owns 7% and Fondul Proprietatea a 6% stake. The company’s turnover was up 1.2% in the first half of 2015, at RON188.4 million.
(English version by Manuela Panescu)