The company paid a gross dividend of RON1.1/share for 2011.
Subject to approval from its shareholders, the company will distribute total dividends worth RON29.6 billion, representing 86% of the profit of RON34.5 billion posted in 2012.
In 2012, Transelectrica’s profit decreased by over three times, from almost RON110 million in 2011, according to the data to be discussed by stockholders April 29.
The company’s revenues decreased 11.6% in 2012, to RON2.767 billion, from RON3.131 billion in 2011.
The dividends may be paid as of June 26.
The Romanian Economy Ministry owns 58.69% in Transelectrica, while investment funds Fondul Proprietatea (FP.RO) and SIF Oltenia (SIF5.RO) hold stakes of 13.5% and 6.3%, respectively.
On the Bucharest Bourse Monday, Transelectrica’s shares closed up 2.46% on the day, at RON13.75/unit. (EUR1=RON4.4154)