Romania: Oil Terminal – payout of dividends for 2019

The dividend payout will amount to a total of some 230,000 euros, representing 50 % of the company’s profit in 2019. Oil Terminal convened the general meeting of its shareholders for 23 April to approve the payout of dividends for 2019, among other things. Oil Terminal operates the oil terminal in Constanta port.
Gross dividend per share will amount to 0.039 eurocents per share.
Oil Terminal recorded a net profit of some 500,000 euros in 2019, which is almost nine times higher compared to the previous year due to an increase in revenues from the provision of services of 15.5 %. Oil Terminal has a storage capacity of about 1.5 million cubic meters and is the largest operator at sea in the port of Constanta, specialized in the handling of crude oil, petroleum products, liquid petrochemicals and other finished products or liquid raw materials for import, export and transit. Ministry of Energy is the largest shareholder in Oil Terminal Constanta, in which it owns 59.62 % of the shares.