Aerostar Bacau, an aircraft production and maintenance company, will pay dividends totaling 13.55 million lei for 2014, with the value of a gross dividend having been set at 0.089 lei per share, according to report submitted to the Bucharest Stock Exchange late last week.
The distribution of dividends will be made in line with the applicable provisions, and the costs related to the distribution operation will be covered from the value of the net dividend to which each shareholder is entitled.
Aerostar posted a 2014 net profit of 19.743 million lei, of which 6.19 million lei in reserves and 13.552 million lei is the sum allocated to dividends.
The April 23 General Meeting of Shareholders approved the financial situation of the company for 2014, when it recorded a turnover of 261.05 million lei, total revenues of 276.3 million lei and expenditures of 251.3 million lei.
Also approved on April 23 was establishing, from April 2015 to April 2016, some guarantee limits totaling 65 million lei.