December 12 (SeeNews) - Romanian drug maker Biofarm [BSE:BIO] said that its shareholders have approvedthe management's plan to distribute an additional gross dividend of 0.01 lei ($0.0023/0.0021 euro) per share for 2018.
Biofarm will distribute a total of some 9.85 million lei from its reserves as additional dividend for last year, the company said in a bourse filing on Wednesday.
The dividend will be paid on March 25, 2020.
Earlier this year, the company distributed a gross dividend of 0.01 lei per share for 2018.
Biofarm posted a net profit of 38.4 million lei in 2018, up from 36 million lei the year before.
The company's shares closed 0.29% higher at 0.344 lei on the Bucharest Stock Exchange on Wednesday.
(1 euro = 4.78 lei)