Slovenian energy group Petrol will propose the payment of a dividend of 1.80 euro per share on 2023 earnings, up from 0.70 euro paid for the previous year, it said.
“This amount has been determined by taking into account the still uncertain business conditions on the energy markets and the Petrol Group’s development plans and aspiration to act responsibly towards all stakeholders,” the company said in a filing with the Ljubljana Stock Exchange.
Petrol recorded a net profit of 136.6 million euros in 2023, compared to a 2.7 million euro loss in the previous year. Petrol recorded sales revenues of 7.0 billion euro, down 26%, mainly due to lower prices of fuels and other energy products, while earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to 277.1 million euro in 2023 or 180.8 million euro more than in 2022, seenews.com reported.
