“In a year marked by a global pandemic, where businesses struggled to continue operations, our company has thrived. We have recorded 14.7 million lei turnover, a 43% increase compared to result from 2019, and a net profit of 3.1 million lei – a 148% surge compared to 2019. Consequently, we have ended 2020 with a record high net profit margin of 21%. At our annual General Meeting of Shareholders, scheduled to take place on April 16th, 2021, we will propose to you a capitalization of 2.5 million lei from the profit as well as distribution of cash dividend in the amount of 437.500. Consequently, shareholders will receive, for each share held, 4 free SAFE shares as well as 0.14 lei. We consider that this balance of capitalization and distribution is a perfect one, providing the company with sufficient capital to continue accelerated development while also rewarding our shareholders for their trust,” stated Victor Gansac, CEO of Safetech Innovations.
“We consider that this balance of capitalization and distribution is a perfect one, providing the company with sufficient capital to continue accelerated development while also rewarding our shareholders for their trust,” Gansac added.
Safetech Innovations was listed on the alternative trading system AeRO of the Bucharest stock exchange on January 29, 2021. The company has a market value of RON102 million.