Serbia: GazpromNeft Oil Industry (NIS) pays of dividends to shareholders

16. May 2016. / News Serbia Energy

Oil prices drop on the world market of almost 50% and foreign currency losses of RSD 8.1billion in 2015 had the largest impact on NIS, as stated in the financial statement prepared in accordance with the international standards.

Management Board of NIS proposed to shareholders to allocate 25% of non-consolidated profit achieved last year as a dividend.

By this proposal, from the last year’s profit of RSD 16.1 million, shareholders shall be paid gross dividend of RSD 4 billion, i.e. 24.7 RSD per share (net amount of RSD 20.99). According to last price of RSD 608, gross dividend yield amounts to over 4%.

Company NIS ended 2015 as profitable company with net profit of RSD 14.6 billion, and the drop of oil prices had the highest impact on the profit.

Oil prices drop on the world market of almost 50% and foreign currency losses of RSD 8.1billion in 2015 had the largest impact on NIS, as stated in the financial statement prepared in accordance with the international standards.

EBITDA amounted to RSD 46.5 billion. Even though financial indicators are lower than in 2014, they are much higher than planned, taking into consideration the crude oil price drop, transmits Serbia-energy.eu

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