M.J. Maillis sees 45% higher sales

Packaging and packing equipment maker M.J. Maillis Romania set out to attain nearly 352bn ROL (10 million euros) in sales this year, 45% more than last year’s turnover. The profit is supposed to go up at the same pace. M.J. Maillis’ S&R Budget recently endorsed by shareholders anticipates the net profit to reach 27.2bn ROL, up 43% from 2002, when it amounted to 19bn ROL. The company’s development strategy is based on offering complex packaging solutions, which entails making packing equipment, as well. It estimates to invest 2 million euros. It will pay dividends from last year’s net profit, which is a first time for M.J. Maillis since the listing on the capital market. It has allotted 6.3bn ROL for this purpose, with the gross dividend worth 600 ROL/share. Any shareholder registered until March 14 is eligible for dividends. The company doubled its share capital last year by including reassessment reserves and issue premiums. The shareholders this way got one bonus share for every share held. ZF