Romanian state-owned natural gas producer Romgaz wants to distribute
EUR 233 million worth of dividends to its shareholders. The sum
represents 88% of last year’s profit.
The proposed gross dividend per share is RON 2.7 representing almost
10% of the current share price (RON 27.1). The company’s shareholders
will make the final decision on this at the end of April.
In 2015, Romgaz had a net profit of EUR 265 million, down by 16% over
the previous year. The turnover dropped by 10% to EUR 910 million.
The Energy Ministry owns a 70% stake in the company. Romgaz is listed
on the Bucharest Stock Exchange and the London Stock Exchange and has a
market capitalization of EUR 2.34 billion.
(romania-insider.com)