Romgaz wants to distribute dividends worth RON1.21 billion, accounting for 84.6% of its 2014 net profit.
The gross dividend per share is set at RON3.15.
The dividends distributed by Romgaz in 2014 stood at RON990.6 million, down 7.1% on the year, and accounted for 99.5% of the company’s 2013 net profit.
Romgaz reported a 44% growth in its 2014 net profit to RON1.43 billion (EUR322 million), fueled by higher delivered quantities and increased tariffs. The company’s revenue amounted to RON4.49 billion last year, 15.4% higher than RON3.89 billion in 2013.
Friday in Bucharest, Romgaz traded up 1.3% at RON33.35/share.
Romgaz is 70% controlled by the state, 10% by investment fund Fondul Proprietatea (FP.RO), while a 17.68% stake is distributed among several legal entities and 2.3% of the shares are owned by several individuals.