Romanian state-owned company Nuclearelectrica, which runs the Cernavoda nuclear power plant, proposed a gross dividend of RON 1.21 (EUR 0.27) per share for the year ended December 31, 2013.

The company plans to distribute dividends with a total value of some RON 340 million (EUR 76 million).

The proposal will be discussed during a shareholders meeting scheduled for April 29.

Nuclearelectrica ended 2013 with a preliminary profit of RON 417.3 million (over EUR 94 million), up from RON 24.1 million (EUR 5.4 million) reported a year before, according to the company’s preliminary results.

The Romanian state is the major shareholder of the company.

Irina Popescu, irina.popescu@romania-insider.com