Slovenia: Petrol shareholders approve 1.8 euro per share dividend

Slovenian energy group said that its shareholders have approved a gross dividend payment of 1.8 euro per share, scheduled for August 2, up from 0.7 euro paid for the previous year.

At their general meeting held on May 23, shareholders approved a dividend payout of 74 million euros from the profit available for appropriation, Petrol said in a filing with the Ljubljana Stock Exchange.

The remaining portion of the profit for appropriation, totalling 216,720 euro, along with any amounts resulting from the number of own shares on the record date and from rounding off dividend payment figures, will be transferred to other profit reserves, Petrol said.

Petrol turned to a net profit of 136.6 million euro in 2023 from 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) amounting to 277.1 million euro in 2023, or 180.8 million euro more than in 2022.

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