SOJAPROTEIN: Part of net profit from year 2008 to become undistributed profit

Source: Beta Wednesday, 01.07.2009. 13:24
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- The stockholders of "Sojaprotein" have decided to keep 386.74m RSD, out of 407.1m RSD worth of net profit registered in 2008, as undistributed profit in order to strengthen the company's financial position - the Bečej-based soybean-processing company announced.

Total of 20.35m RSD, that is, 5% of the profit, has been set aside in the reserves of "Sojaprotein".

The largest soybean-processing company in Southeast Europe registered 20.3 billion RSD worth of incomes and gross profit of 418.5m RSD in 2008.

The stockholding assembly have also adopted the report on sale of 13,909 stocks before the expiration of one-year deadline.

Changes and supplements to the Contract on the company's organization have also been adopted. According to them, basic capital has reached 3.53 billion RSD after the 8th issue of stocks and it has been divided into 7.62m common stocks with the accounting value of 463.66 RSD.

The stocks of "Sojaprotein" are on A Listing of the Belgrade Stock Exchange. At the moment, the price of stocks amounts to 841 RSD, while the maximum price of 3,098 RSD was registered in July 2008, and the minimum price of 470 RSD was registered in March 2009.

The value of market capitalization of "Sojaprotein" is 6.4 billion RSD.

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soybean
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