SIF Muntenia, as a significant shareholder of Prospectiuni, requires the company controlled by businessman Ovidiu Tender to distribute as dividends the net profit of last year, and also to report on the activities of its foreign subsidiaries.
SIF Muntenia holds a 11.83% stake in Prospecțiuni and introduced the two requests on the agenda of the next general meeting of shareholders – scheduled for April 29, according to a press release sent to BSE’s Rasdaq.
Prospecțiuni reported for last year a revenue of 415.4 million lei (94.2 million euro), up 20.5% from the previous interval, and recorded a gross profit of 35.2 million lei, up 56.4% compared to 2012.
SIF Muntenia asked, however, for a report on the Prospecțiuni’s financial claims.
The company has not distributed dividends since 2012 when shareholders were granted 4.5 million lei from the almost 31 million lei profit recorded in 2011. At that time, each shareholder received a gross dividend of 0.00627 lei/share.
Prospecțiuni’s shares ended the BSE trading session of April 14 up 1.35 % to 0.1499 lei. At this quota, the company has a market capitalization of 107.6 million lei (24 million euros).
Prospecțiuni is a geophysical and geological services provider with operations in Europe and North and West Africa. Ovidiu Tender holds 55.71% stake in Prospecțiuni, through its company Tender SA Timisoara.