Overall, the company will distribute its shareholders dividends in the amount of RON10.5 million from its 2020 net profit of RON40 million. Dividends will be paid starting June 24, 2021.
The decision was approved in the General Meeting of Shareholders Of April 15.
Practic Bucuresti is 48% held by Radu Dimofte, 32% by International Business & Trading Corporation, while 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.
Practic has a market capitalization of RON386 million after its shares have been trading up 4.8% since the beginning of 2021.
On the last trading session on the Bucharest Stock Exchange, of March 5, Practic shares traded up 4% to RON650 per share.