Hidroelectrica’s Directorate convened the Ordinary General Meeting of Shareholders for April 29, 2024, to approve the value of the gross dividend per share in the amount of 13.99 lei and a total amount of 6.29 billion lei, according to the announcement presented to shareholders. The company’s shareholders are the Romanian state, with over 80% of the titles and, following the listing, legal entities (16.3%) and individuals (3.6%).

The agenda of the AGOA entails “the approval of the distribution of the net profit of the financial year 2023 in accordance with the provisions of the Government Ordinance no. 64/2001, with subsequent amendments and additions, of the total value of the gross dividend in the amount of 6,292,900,952 RON, as well as of the value of the gross dividend per share in the amount of 13.99 RON, according to the Memorandum presented to the shareholders,” as well as management’s discharge for the previous year.

Hidroelectrica reported a net profit of 6.33 billion lei in 2023, up 42%.

Revenues were up 30% compared to 2022, to 12.24 billion lei. Operating margin was 58%, up 6% from the previous year, and net margin was 52%, up 10% from 2022.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.