The company’s net profit soared 72% to RON8.95 million (EUR2 million) in 2014, due to enhancing its operational activity and financial results, while its turnover rose 2.6% to RON232.5 million (EUR52.3 million).
Teraplast’s managing board summoned the company’s shareholders for December 4 in order to make a decision as regards including last year’s profit, which was not distributed to shareholders, into the category ‘other reserves’, and using this amount to increase the share capital.
The share capital will be increased by issuing 88.74 million new shares which will be distributed to existing shareholders, without changing their current holdings. Each shareholder will receive, for every 100 held shares, a total 30.72 new shares, according to summoning of shareholders’ assembly.
Dorel Goia owns a 46.77% stake in Teraplast, Finnish investment fund KJK owns 10%, and the remaining 43.18% is distributed among other investors.