Romania’s Prefab Bucuresti To Pay RON4.47M Dividends

The company will pay RON0.0923 for each share, it said Tuesday.

Prefab Bucuresti last paid dividends in 2002, with a pretax value of RON0.2796 per share.

The company’s shareholders approved the decision during their March 26 meeting.

Out of Prefab’s RON4.78 million last year profit, RON1.3 million will be used to finance the company’s production in 2009, RON303,000 will be kept as reserves, while RON4.47 will be paid as dividends by October 26.

In 2008, Prefab posted a turnover of RON129.12 million, higher compared with RON97.15 million a year before. The company’s last year net profit fell by 37.6% from RON7.67 million in 2007.

Prefab has a share capital of RON24.26 million and is majority owned by Romerica International company in Romania’s capital city Bucharest, with an 80% stake, while regional investment fund SIF Muntenia (SIF4.RO) owns around 13% of its shares.

Prefab is listed on the Rasdaq market. The company’s shares were last traded on March 24, at the price of RON1.25 per unit, up 4.17% compared with the reference price. Thus, Prefab’s market value stood at RON60.6 million.