Montenegro, Jugopetrol to distribute higher dividend for 2021

, SEE Energy News

Montenegrin fuel retailer Jugopetrol said that its shareholders have approved the management’s proposal for the distribution of dividend from last year’s profit in the total amount of 4.5 million euros.

Gross dividend per share will amount to 0.97 euros, which is more than double compared to dividend of 0.4 euros per share paid for 2020.

Jugopetrol recorded a net profit in the amount of 5.56 million euros in the 2021, compared to 2.62 million euros net profit recorded in the previous year. The company’s operating revenues increased by 78 % in 2021 and amounted to 150.8 million euros, while its operating expenditures also rose by 77.8 % and amounted to 143.8 million euros.

The largest shareholder in Jugopetrol is Greek Hellenic Petroleum International, which owns 54.35 % of the shares since 2002. Other shareholders with significant number of shares are: collective custody account 5 with 9.25 %, collective custody account 1 with 8.64 %, and collective custody account 8 with 3.29 %.

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