Profit of RON 63.7 million and dividends of RON 0.0140/share for TRANSI shareholders

Profit of RON 63.7 million and dividends of RON 0.0140/share for TRANSI shareholders

Transilvania Investments ends 2022 with revenues of RON 91.33 million and a net profit of RON 63.71 million, at the end of a year in which the fund went through important changes, starting with the rebranding of the company and the implementation of new investment strategies. The General Meeting of Shareholders held on Monday in Brasov also approved the distribution in the form of dividends of about 48% of the net profit.

The approval of the distribution of a dividend of RON 0.0140/share represents a 4.9% yield by reference to the average trading price of TRANSI shares on the BVB-REGS market in 2022, the payment date being set for 23 June this year.
Transilvania Investments shareholders also approved the buy-back of 20,000,000 own shares at a maximum price of RON 0.49 /share, representing 0.9248% of the fund's share capital, in order to reducing the share capital (12 million shares) and distributing free shares to the identified staff within a Stock Option Plan (8 million shares).

Over the past year, Transilvania Investments has taken important decisions for the assets in its portfolio, the effects of which will be reflected in the coming years. "Thanks to the efforts of the entire team, we have managed to bring under the same vision the development directions for our tourism assets and find solutions that will allow them to grow. The success we owe to our shareholders lies in our innovative management approach, focused on efficiency", says Radu Roșca, Executive President of Transilvania Investments.

For the year 2023, Transilvania Investments aims to achieve a gross profit of RON 70.75 million on total revenues estimated at RON 112 million, according to the revenue and expenditure budget approved by the shareholders at the meeting held in Brasov. In focus for this year are investments in several key owned companies, such as Aro Palace and Turism Felix, and the implementation of the development strategy for assets in the spa area.

Brasov, 25 April 2023

 

Subscribe to our newsletter to always have access to the most recent news about Transilvania Investments

Subscribe Newsletter (#7)
magnifiercross linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram