Relative to Monday’s current trading prices, a dividend yield is 9.7%, according to ZF calculations.
IAR Brasov, 64.9% owned by the Romanian State, ended 2019 with a net profit of RON49.8 million, up 59.8% on the year, and a net turnover of RON365.8 million, up 41% on the year, according to ZF calculations based on data from the company’s financial report.
The company’s Board of Directors proposed that RON2.3 million from the 2019 profit should go into legal reserves, the amount of RON2.8 million should be reinvested profit in 2019 and the difference of RON26.7 million should be distributed to other reserves (own financing sources).
IARV shares have been trading up 42.13% since the start of 2020, amid deals worth RON5.1 million, securing the company a market value of RON194.5 million.