The company, with a market value of RON386 million, had a net profit and a retained profit in the amount of RON40 million. The company’s administrators proposed that the amount of RON22.8 million be directed towards the retained profit, which is expected to be used to pay dividends.
The proposition for the dividend payment date is June 24, 2021.
The undistributed profit amounts to RON29.5 million, of which RON12.3 million is profit for 2020 and RON17.2 million is retained profit – realised profit from reevaluation reserves.
Practic Bucuresti is 48.5% held by Radu Dimofte, 32.15% by International Business & Trading Corporation din Caicos Islands, and Wellkep Group Bucuresti, also owned by Dimofte, owns a 12% stake.
Radu Dimofte is shareholder in several local businesses, including in the company that holds the licence for KFC and Pizza Hut Romania, and is known for his involvement in retail project Baneasa Shopping City.
PRBU shares have been trading up 4.8% since the beginning of 2021, amid deals worth RON51,400, per stock market data.