Moldtelecom will allocate 32.9 million lei from its profit for 2021 in the amount of 91.53 million lei to cover the losses of previous years, and 50% of the remaining profit to pay dividends.
This decision was made at the annual general meeting of shareholders of the company. It was also agreed that 34% of the remaining profits will be invested in the development of the company, 10% - directed to the formation of reserve capital, 1% - to pay remuneration to members of the governing bodies, the audit commission and state representatives, and 5% - for other purposes provided for by the legislation, including the payment of taxes on remuneration, social benefits, etc. The shareholders also approved the priority areas for the development of Moldtelecom for 2022-2024. As InfoMarket agency reported earlier, the net profit of Moldtelecom in 2021 amounted to 91.53 million lei, an increase of 6.4% compared to 2020 (86.02 million lei). According to the materials of the company's annual financial statements, at the same time, the sales revenue of Moldtelecom increased by 1.9% over the year - from 1 billion 573 million 403 thousand to 1 billion 603 million 258 thousand lei, while the cost of sales increased by 0.7% - from 1 billion 266 million 209 thousand to 1 billion 274 million 674 thousand. Administrative expenses increased by 5.6% - from 52.81 million to 55.75 million lei. EBITDA (earnings before interest, taxes and accrued depreciation) decreased by 0.8% - from 864.2 million lei in 2020 to 857 million lei in 2021. According to the company's report, Moldtelecom's revenue from fixed telephone services in 2021 amounted to 311.9 million lei (-15.6% compared to 2020), from mobile telephony - 281.02 million lei (+ 13%), fixed Internet and IPTV - 979.05 million lei (+5.7%). The authorized capital of the company is 1 billion 015 million 120 thousand lei. // 05.08.2022 — InfoMarket
