The newly announced 2012’s profit of RON329.3 million sets 14% below the RON384.3 million profit posted in 2011.
The company’s preliminary financial results for 2012 were calculated according to the International Financial Reporting Standards (IFRS).
Transgaz Board of Directors proposes stockholders to pay dividends of RON250.6 million (EUR57.5 million), representing 76% of 2012’s net profit. The proposed amount is down 28% from a year before.
Thus, in April 29 meeting, the company’s management will discuss on paying a gross dividend of RON21.29/share, at a 10% yield.
Transgaz has a share capital of RON117.7 million split into 11.7 million shares with a face value of RON10 a share. The Economy Ministry owns a 73.5% stake, investment fund Fondul Proprietatea has almost 15% of its shares and the rest is distributed among minority shareholders.
The ministry plans to run a secondary offering for a 15% stake in the company this year.
On the Bucharest bourse Friday, Transgaz traded up 0.43%, at RON210.5 a share. (EUR1=RON4.3544)