JT Grup Oil (BVB: JTG), the Romanian petroleum products distribution group that is developing a EUR 25 million oil terminal in Constanta port to boost the diesel imports, announced its net profit surged by 80% y\/y to RON 10.3 million (EUR 2 million) in 2024 \u2013 close to the RON 11.8 million target set under the Prospectus issued at the company\u2019s IPO in mid-2024.\u00a0<\/p>\n
The performance was achieved despite below-planned revenues: RON 222.5 million revenues from the sale of merchandise, only 2.5% y\/y advance compared to planned RON 331.6 million (+49% y\/y) under the Prospectus.<\/p>\n
According to the 2024 FY, JT Grup Oil estimates that the new terminal will be fully operational by the end of this year \u2013 compared to a mid-January 2025 estimate last August. Earlier this year, the company announced it settled a dispute in court with the contractor for the project. \u00a0<\/p>\n
JT Grup Oil has a market capitalisation of RON 129 million (EUR 26 million) after the price of its shares dropped by 8.5% over the past six months as of April 30.\u00a0<\/p>\n
Last September, the company announced that its shareholders had approved the distribution of a dividend of RON 3.15 million (EUR 0.63 million) from the accumulated retained profit recorded in 2023, resulting in a dividend yield of 2.44%.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: the company)<\/em><\/p>","protected":false},"excerpt":{"rendered":" JT Grup Oil (BVB: JTG), the Romanian petroleum products distribution group that is developing a EUR 25 million oil terminal in Constanta port to boost the diesel imports, announced its net profit surged by 80% y\/y to RON 10.3 million (EUR 2 million) in 2024 \u2013 close to the RON 11.8 million target set under […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4835","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/4835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4835"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/4835\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}