North Macedonia: OKTA will propose its shareholders distribution of dividends 2.36 euros/share

6. May 2020. / SEE Energy News

Oil refinery OKTA, owned by Greek Hellenic Petroleum,distributed dividend in the amount of 1.19 euros/share last year. The company will now propose to its shareholders a distribution of a gross dividend in the amount of 2.36 euros/share. Under this proposal, OKTA will distribute a total of around 2 million euros of its last year’s profit as dividend for 2019.

OKTA recorded a net profit in the amount of some 4.3 million euros in 2019, compared to a net loss of 1.6 million euros recorded in the previous year. The company’s sales revenues rose by 1 % in 2019, reaching 448 million euros, of which 356 million euros was achieved in the domestic market (7 % drop) and 91.5 million euros on the foreign markets, which is 44 % more compared to 2018. OKTA remains the main supplier of fuel in Macedonia , covering more than half of the needs of the domestic market and significant exports to Kosovo. The company owns Skopje refinery with installed capacity of 2.5 million tons.

Download as PDF :

Download PDF