News » March, 2011 » 29 March 2011
Russians collect 34m-euro dividends from Alro
29.03.2011, 23:48 | Business | 1468 views
The Vimetco group, held by Russian businessman Vitali Machitski, will collect 141 million lei (34 million euros at an exchange rate of 4.1 lei/euro) in dividends from aluminium smelter Alro Slatina (ALR), which it controls, with the plant benefiting from cheap energy from Hidroelectrica. Alro last year posted a 160 million-lei (38 million-euro) net profit, double as much as in 2009, with the company management proposing that the entire profit be distributed to shareholders, according to the notice to attend the GM published on the Stock Exchange. The bulk of the dividends will go to the Russians, who control 88% of Alro, while Fondul Proprietatea (Property Fund - FP), which holds 10%, will collect 3.4 million euros. Read more on ZF.ro
|
Latest news in category Business
The volume of construction works dropped to six months by 10.2%, as gross series, taking into account the drops in capital repairs' works, by 18.4%, and in the maintenance and current repairs, by 12%, and as adjusted series after the number of working days and seasonality dropped by 9.4%, according to the National Institute of Statistics. read more...
The National Salt Company - Salrom SA last year achieved a profit of 38.7 million lei, up 86% over 2012, said Alina Floroian, marketing economist with the company. The turnover of Salrom reached 308.3 million lei, up 13% over 2012, she said. read more...
Anca Vlad, the CEO of Catena Grup, is an ardent supporter of entrepreneurial spirit and thinks that you can't have a successful business without taking risks. read more...
|
|
