Relative to the current trading prices, the dividend yield reaches 5.1%, according to calculations by Ziarul Financiar (ZF) daily.
The company plans to distribute RON7.7 million to investors – RON3.9 million from its 2024 profit and RON3.8 million from other reserves set up from the profits of the years 2022 and 2023.
On April 28, shareholders will also discuss the company’s financial statements for 2024 and the budget of revenue and expenditure for 2025.
Foraj Sonde ended 2024 with a turnover of RON167.3 million, up 19.2% year-over-year, expenses of RON150.7 million, up 24.6% year-over-year, and net profit of RON18.4 million, down 4% on the year.
FOJE shares have traded 3.7% lower so far in 2025 and 7% lower over the last year, triggering a market value of nearly RON153 million. The company’s shareholding structure includes Iulian Stanciu, one of the best-known entrepreneurs in Romania and the President of eMAG group, who became a shareholder after acquiring a 33% stake from businessman Sever-Florian Raicu who owns 58.6 of the shares.