Oil pipeline operator Janaf will propose to its shareholders to distribute an annual dividend of 30.95 euro/share from its net profit for 2023.
Last year, JANAF achieved the highest revenue and net profit since it was set up fifty years ago, the company said in a press release.
– The stronger and stable money inflow enables us, along with the dividend payment, to carry out investments in the enlargement of warehousing capacities for oil and oil derivatives and business diversification aimed at mid-term decarbonisation transformation of the company into an energy company focused on the development of renewable energy sources – JANAF added.
The payment date for the dividend is August 2.
JANAF’s net profit amounted to 52 million euros last year, up 28% on the year. Its revenue rose 29% to 153.3 million euros.
In 2023, the company distributed a dividend of 11.52 euros/share.
