Croatia’s Janaf proposes 30.95 euro per share dividend

In 2023 Janaf booked the highest revenue and net profit since it was set up fifty years ago, the company said in a press release on Wednesday.

"The stronger and stable money inflow enable us, along with the dividend payment, to carry out investments in enlargement of warehousing capacities for oil and oil derivatives and business diversification aimed at mid-term decarbonation transformation of the company into an energy company focused on development of renewable energy sources," it added.

By the time this story was published, the company failed to respond to email by SeeNews seeking details about the planned investments.

Payment date for the dividend is August 2.

The company’s net profit stood at almost 52 million euro last year, up 28% on the year. Its revenue rose 29% to 153.3 million euro.

Last year, the company distributed a dividend of 11.52 euro per share.

Janaf's shares last traded on April 4 when they closed 2.94% higher at 875 euro.

($ = 0.932 euro)