Prospectiuni is 55.7%-owned by local businessman Ovidiu Tender, while regional investment fund SIF Muntenia holds an 11.82% stake.
Earlier this month, SIF Muntenia recommended the geophysical surveyor pay out dividends from last year’s profit, but the proposition was rejected a shareholder meeting April 29.
Prospectiuni reported a net profit of 18.6 million lei (EUR4.2 million), up 7.5% on the year. A little over RON17.4 million will be used to finance investments, while the remaining sum will fuel the company’s legal reserve.
Monday, Prospectiuni’s shares closed down 1.925% at RON0.1499 in Bucharest, valuing the company at RON107.6 million. (EUR1=RON4.4503)