OMV Petrom OKs RON0.0177 Dividend From 2010 Profit

04.27.2011 By Florentina Dragu

Romanian leading oil company OMV Petrom (SNP.RO) Tuesday approved paying out total dividends of over 1 billion lei (over EUR245 million) from the 2010 profit, a shareholder who wished to remain anonymous told MEDIAFAX.

Romanian leading oil company OMV Petrom (SNP.RO) Tuesday approved paying out total dividends of over 1 billion lei (over EUR245 million) from the 2010 profit, a shareholder who wished to remain anonymous told MEDIAFAX.

Petrom will pay its stockholders a gross dividend of RON0.0177 a share.

The company last paid dividends from the 2007 profit. Shareholders received at the time total dividends worth RON1.081 billion, or RON0.0191 a share.

In 2010, Petrom reported a net profit of RON2.19 billion, well above RON833 million reported a year earlier.

Petrom is 51%-owned by Austria's OMV (OMV.VI). Romanian Economy Ministry holds a 20.6% stake, while investment fund Fondul Proprietatea owns 20.11% of the company's shares.

On the Bucharest market April 22, Petrom closed up 1.15% at RON0.43 a share. (EUR1=RON4.0735)