After the general balance sheet of the period and its respective income statement are approved, the General Meeting of Shareholders shall proceed to distribute the profits, disposing of the reserves and dividends. Profits shall be distributed pro rata to the paid-in amount of the par value of the shares.
Profit distribution shall be approved by the General Meeting of Shareholders with the favorable vote of a plural number of shareholders representing no less than seventy-eight percent (78%) of the shares represented in the meeting. Failure to reach said majority leads to distribute at least fifty percent (50%) of the net profits or their balance, in the event that losses from prior periods must be covered.
See Profit-Sharing Distribution Project