EnglishBucharest-based plastic factory Prodplast (BSE:PPL) is asking shareholders to approve a motion that will allocate 100% of last year"s profit to the operational budget. If so, no dividends will be disbursed. The shareholders will also convene to discuss the production plan and the investment plan, as well as the costs of relocating production to Belciugatele.
Prodplast concluded last year with 4.39 million RON in profit, up by 11% y/y. The turnover reached 64.42 million RON, up by 0.94% from the previous year. Prodplast shares closed at 3.44 RON yesterday, up by 0.58% from the previous day. Approximately 10,300 shares changed hands.
The company"s leading shareholders are Nord SA with 25.12%, SIF Oltenia with 10.77%, SIF Banat - Crisana with 8.36%, Broadhurst Investments with 6.51%, Raiffeisen Zentralbank AG with 5.44% and RC2 Cyprus Ltd. With 5.09%.
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