English
Natural gas transportation network operator Transgaz - Medias (BSE:TGN) will pay gross dividends of 9.66 RON/share equal to 50.77% of last year"s profit of 224 million RON to shareholders registered as such by 9 May.
Last year"s turnover amounted to 1.04 billion RON, up by 14% from 2006, whereas the net profit declined 5.7% to 224 million RON. The company has a share capital of 117.7 million RON divided into 11.77 million shares with a face value of 10 RON. The majority shareholder is the Ministry of Economy and Finance with 75.01%. Fondul Proprietatea holds 15%.
The company has a market value of 2.55 billion RON, as per the latest quotation of 217 RON set on 18 April. Transgaz shares are traded on BSE as TGN. It was established in 2000 and is one of the members of the Nabucco project. Transgaz operates The National Gas Transportation System (SNT), which comprises 11,800 kilometres of natural gas pipes.
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