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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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RO cybersecurity firm Safetech to reward shareholders with stock and cash dividends

Safetech Innovations (SAFE), a Romanian cybersecurity company that recently listed its shares on the Bucharest Stock Exchange’s AeRO market, reported a turnover of RON 14.7 million (EUR 3 mln) for 2020 up 43% compared to 2019.

The operating revenue reached RON 18.5 million (EUR 3.8 mln), as the company accessed RON 3.4 mln worth of non-reimbursable EU funds under the SafePIC project, which aims to increase the response capacity of Safetech’s Computer Emergency Response Team (STI-CERT) to cybersecurity attacks and incidents.

Safetech’s net profit went up by 148% last year, to RON 3.1 million (EUR 0.64 mln), and the profit margin reached 21%.

In line with the company’s dividend policy, the management proposes to the shareholders the capitalization of RON 2.5 million from the profit and the distribution of cash dividends worth RON 437.500.

Consequently, the shareholders will receive, for each share held, four new SAFE shares and a cash dividend of RON 0.14.

Safetech’s shares are currently trading at RON 31.6, and the company’s market capitalization is RON 99 mln (over EUR 20 mln).

For 2021, Safetech Innovations estimates turnover from the main activity of RON 20 million (EUR 4.1 mln) and a net profit of RON 4.5 million (EUR 0.92 mln).

(Photo: Pixabay)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB
 

RO cybersecurity firm Safetech to reward shareholders with stock and cash dividends

Safetech Innovations (SAFE), a Romanian cybersecurity company that recently listed its shares on the Bucharest Stock Exchange’s AeRO market, reported a turnover of RON 14.7 million (EUR 3 mln) for 2020 up 43% compared to 2019.

The operating revenue reached RON 18.5 million (EUR 3.8 mln), as the company accessed RON 3.4 mln worth of non-reimbursable EU funds under the SafePIC project, which aims to increase the response capacity of Safetech’s Computer Emergency Response Team (STI-CERT) to cybersecurity attacks and incidents.

Safetech’s net profit went up by 148% last year, to RON 3.1 million (EUR 0.64 mln), and the profit margin reached 21%.

In line with the company’s dividend policy, the management proposes to the shareholders the capitalization of RON 2.5 million from the profit and the distribution of cash dividends worth RON 437.500.

Consequently, the shareholders will receive, for each share held, four new SAFE shares and a cash dividend of RON 0.14.

Safetech’s shares are currently trading at RON 31.6, and the company’s market capitalization is RON 99 mln (over EUR 20 mln).

For 2021, Safetech Innovations estimates turnover from the main activity of RON 20 million (EUR 4.1 mln) and a net profit of RON 4.5 million (EUR 0.92 mln).

(Photo: Pixabay)

andrei@romania-insider.com

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