SIF Transilvania to disburse same dividends as last year despite 42% lower profit
SIF Transilvania (SIF3) board of directors proposes the company's shareholders the awarding of a gross dividend of 0.03 lei/share from net income generated in 2010, with the dividend being flat from 2009 and 2008.
Last year, SIF Transilvania generated a net income of 66.9m lei (15.7m euros), the lowest in four years.
In 2009, the investment company had reported a record high profit of 116.6m lei (27.4m euros).
SIF Transilvania's intention to distribute almost half of last year's income in form of dividends comes as SIF3 shares in the past year posted the steepest fall among SIF stock, of over 30% (in March 4, 2010-March 4, 2011), while the BET-FI index lost 15.7% in the same period.
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