Thus, Fondul Proprietatea proposes the payment of gross dividend worth 3.8131 lei (EUR0.85) per share from last year’s profit, totaling RON33.01 million, up 11.76% from RON3.4118 per share previously proposed.
In 2013, Conpet reported a profit of RON34.77 million.
Fondul Proprietatea also proposed the payment of supplementary dividends from the previous years’ profits and reserves totaling RON70 million.
The proposal is subject to shareholder approval at a meeting due April 29.
Conpet is 58.72% owned by the Economy Ministry while investment fund Fondul Proprietatea holds a 29.7% stake.
On the Bucharest stock market Wednesday, Conpet traded up 12.8% at RON53.8 a share. (EUR1=RON4.4646)