EnglishShareholders in rubber factory Artego - Targu Jiu (ARTE) have approved a dividend budget of some 3 million RON (885,000 EUR) for 2006, up by 2.5 times than in the previous year, according to a report sent to RASDAQ. The sum is equal to some 65% of the net profit reported for 2006.
The remaining sum will be moved to the reserves budget. The gross dividend is 0.3 RON/share. Artego concluded last year with 4.57 million RON (1.36 million EUR) in profit, up by 2.5 times from the previous year. The company has a share capital of 24.87 million RON divided into 10 million shares with a face value of 2.5 RON.
The Employee Association controls 70%. The company is listed on RASDAQ as ARTE and has a market capitalization of 49.65 million RON (14.74 million EUR).
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