Rompetrol Well Services cuts dividends
The Board of Rompetrol Well Services SA has proposed a gross dividend of 2 bani per share for 2014, down 33% as compared to the dividend paid in the previous year of 3 bani per share. The total amount of dividends distributed of RON 5,563,818 is the equivalent of 40% of the net profit amounting to RON 13,898,555 recorded by Rompetrol Well Services in 2014.
The net profit was twice lower than in 2013, of over RON 27 million. The approval of the dividend payment date was set as the maximum permitted by the legal framework, as reported to the recorded date, set by the shareholders general meeting. Rompetrol Well Services’ main shareholders are KMG International N.V. (Netherlands) - 73.0111% and KJK FUND II SICAV-SIF (Luxembourg) - 10.6797%. The other minority shareholders hold together 16.3092%.