The amount proposed for distribution comprises RON6.6 million from the retained result representing the undistributed profit for 2019 and RON3.4 million, the amount partially from the retained result representing the surplus of the revaluation reserve on December 31, 2019. The amount of RON24.3 million is proposed as undistributed profit.
The gross dividend per share proposed by the company’s Board of Directors stands at RON16.84, per ZF calculations based on the total number of the issuer’s shares, therefore, a dividend yield reaches 2.8%, per ZF calculations based on the current trading price. The Management Board of Practic SA proposed this date will be August 12, 2020 and the payment date on August 25, 2020.
Practic ended 2019 with a net profit of RON24.3 million, up 6.7% on the year, and a turnover of RON36.8 million, up 4.3% on the year.
Practic shares have been trading down 23.4% since the start of 2020, amid deals worth RON133,455, securing it a market value of RON359.3 million. Practic Bucuresti is directly owned by businessman Radu Dimofte, with a 48.5% stake, and indirectly held by Cyprus-based International Business & Trading Corporation (32.15%) and Bucharest-based Wellkept Group (12%).