Romgaz reported a net profit of more than 1.3 billion lei for the year 2018 and will provide dividends of about 1.2 billion, or 90% of the profit, according to the data presented to the Stock Exchange.

The gross profit was about 1.58 billion lei, and the profit meant to build own financing sources is of only 104 million lei.

Thus, the shareholders approved a net dividend of 3.15 lei/ share, but there are also additional dividends, according to OUG 114, and the retained earnings (reserves), which increase the final dividend to 4.17 lei. Thus, Romgaz pays about 362 million lei, according to GEO 114.

“The allocation of the amount of 362,297,056 lei is approved according to the provisions of art. 43 of GEO no. 114/2018 … The total dividend per share of 4.17 lei is approved, out of which 3.15 lei for the result of 2018, 0.08 lei for the transferred result and 0.94 lei according to the provisions of art. 43 of GEO no. 114/2018”, the document submitted to the BSE reads.

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.