The proposed gross dividend of RON0,05 per share, which will be put to the vote at shareholders’ ordinary general meeting due on April 25/26, ensures a 7.2% yield based on a market price of RON0.69 per share.
Shareholders are also expected to vote on electing a new Board of Directors and approving the 2024 budget of revenue and expenditure.
The company had turnover of RON593.36 million in 2023, up 9.7% from RON535.85 million in 2022, and net profit of RON7.2 million, on a consolidated level, up 19.3% from RON5.81 million recorded in 2022.
The company is 81.4%-owned by Valentin-Norbert Tarus and has a market capitalization of RON65.9 million. Remedia shares have gained 11.3% in the last year, as per stock market data.