Shareholders on Thursday approved the company’s 2012 revenue and expenses budget and the value of dividends to be paid this year.
Zentiva Romania will pay its shareholders a dividend of RON33.85 million (EUR7.7 million) for 2011. The sum represents the net profit registered last year.
Last year, the company paid dividend for the first time since floating stocks on the Bucharest bourse. Back then, shareholders received dividends worth a total RON125 million, namely RON0.2998 per share. This year’s dividend has a value of RON0.0812 per share, down 73% compared to last year’s.
Zentiva registered sales of RON235 million (EUR55.6 million) last year.
French pharmaceutical group Sanofi-Aventis holds directly and indirectly 81.6% of Zentiva.
Zentiva shares closed down 0.6% on the Bucharest bourse Wednesday, to RON0.84.