A decision on the matter will be taken by shareholders.

Last year, Prospectiuni set up a firm in Morocco, called Prospect Geoservices, and was involved in the creation of five other firms in Senegal.

The company carries out contracts of millions of euros in the two states. The value of works carried out by Prospectiuni in the region last year amounted to EUR5.1 million.

Prospectiuni reported turnover of 65.11 million lei (EUR14.5 million) for the first quarter of 2013, double on the year.

The company registered revenues of RON73.31 million in the first quarter, double compared with the similar interval a year ago, and total expenses of RON75.21 million, up 49.7%.

Its loss dropped 82% to RON2.54 million from RON13.9 million.

The company is 55.7%-owned by local businessman Ovidiu Tender, while regional investment fund SIF Muntenia (SIF4.RO) holds an 11.8% stake.

On the Rasdaq market Friday morning, Prospectiuni was trading up 1.56%, at RON0.1697 a share.