Thus, the company will distribute 9.4% of last year’s profit, or RON627,000, to staff and management. The bulk of profit, namely RON4.5 million, will be used as reserves.
The company’s managing board plans to invest RON2.1 million this year, to buy software, IT and security equipment and to unfold headquarter improvements.
According to the 2011 budget, revenue is expected to drop 17% this year, to RON53.1 million, while expenditure should drop 22% on the year, to RON44.7 million. The decline is explained by the anticipated 14% decrease in provisions, to RON22 million.
Shareholders also decided that management and staff will receive bonuses next year as well, if the company achieves at least 60% of the profit expected for 2011.
Another decision was to appoint Adrian-Cristian Mercean as managing board member, replacing Gheorghe Cartis, who resigned on February 1 citing health issues. Cartis retains an 8.25% stake in the company.
Other SSIF Broker shareholders include SIF Muntenia (SIF4.RO) with 10% and Intervalco Baia Mare, with 5.21%.
SSIF Broker has a share capital of RON72.3 million, divided into 289.4 million shares with a face value of RON0.25.
Company shares were last traded Thursday at RON0.2855, up 1.35% on the day.