Romgaz will distribute its stockholders total dividends worth RON990.6 million, or 99.5% of last year’s profit of RON995.2 million.
The 2013 net profit was revised up from RON930.7 million initially estimated. Including RON157.6 million in retained earnings in the previous years, the last year’s net profit was RON1.15 billion, Romgaz said in a stock exchange filling.
Romgaz is 70%-owned by the Romanian state, while investment fund Fondul Proprietatea (FP.RO) holds a 15% stake.
At around 11:20 am Tuesday, Romgaz traded up 0.12% at RON34.4 a share in Bucharest. (EUR1=RON4.4549)