EnglishOrsova Shipyard shareholders have authorized the payment of a gross dividend of 0.4 RON/share and the Y2008 budget, which projects a 17% increase in profit to 8.23 million RON according to an announcement to the Bucharest Stock Exchange quoted by NewsIn.
The company also aims for a 25.7% increase in revenue to 122.59 million RON and a 26.4% increase in expenses to 112.79 million RON. Investments budgeted for this year amount to 8.4 million RON.
The shareholders convened 04 April and decided that last year"s profit of 7.03 million RON and the 0.04 million RON rolled over from the previous year be paid as dividends (3.46 million RON), supplement legal reserves (325,223 RON) and supplement the operating capital (3.28 million RON). Dividends will be paid within 90 days after 04 April.
The shipyard concluded last year with a net profit of 7.03 million RON, up by 3.5% y/y. The turnover advanced 11.6% to 87.4 million RON. The company has a share capital of 21.64 million RON divided into 8.66 million RON with a face value of 2.5 RON. SIF Transilvania is the majority shareholder with 50%. SIF Oltenia is second with 13.28%.
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