The sum to be paid out to shareholders for 2012 totals RON4.4 million, representing 34% of the net profit.
Electroarges posted a 76.3% higher net profit in 2012, at RON12.89 million, from RON7.31 million in 2011. The company’s revenues rose 11.5% to RON145.7 million, while overall expenses climbed 7% to RON130.56 million.
Businessman Catalin Chelu indirectly controls about 24% of the company’s shares, and firm Bran Oil holds a 29.68% stake.
On the Bucharest stock market Monday, Electroarges closed at RON0.649 a share. (EUR1=RON4.4154)