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Fondul Proprietatea requests dividends representing 92% of Nuclearelectrica net profit

14 April 2016
Electricity
energynomics

Fondul Proprietatea (FP) requires the administrators of Nuclearelectrica to pay the dividends amounting over 92% of net profit recorded last year by the energy producer from nuclear resources, according to a public document of the operator of the Cernavoda plant. Initially, the company’s administrators have proposed granting a dividend that cumulatively represents 66.3% of the net profit recorded in 2015.

On the agenda of the Nuclearelectrica AGA, FP has added the following point: “The approval of the allocation of net profit for the financial year 2015 on destinations, the approval of the total amount of the gross dividends in amount of 138.384.622 lei, of the gross dividend per share in amount of 0 ,4589660526 / share, of the dividend payment date, ie on 28.06.2016 and the payment method according to the note sent by Fondul Proprietatea S.A.”.

Nuclearelectrica obtained last year a net profit of 149.8 million lei, and the administrators propose dividends of 99.4 million lei. The 2015 net profit was higher by 13% than the previous year’s figure.

The EBITDA operating result (earnings before interest, tax, depreciation and amortization) increased by 9% over the previous year to over 600 million lei, on revenue of 1.74 billion lei.

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