- The dividend payment proposal testifies to INA’s success and financial stability, as well as to successful and efficient management of the company.
Zagreb, 28 March 2024 – Yesterday, at the meeting of the Supervisory Board of INA, the 2023 audited financial statements as well as the Independent Auditors’ Report were adopted. Upon the proposal of the Government of the Republic of Croatia, expiring mandates of Management Board members Miroslav Skalicki, Hrvoje Šimović and Marin Zovko were extended until the implementation of the tender procedure for appointing members of the Management Board or for the next six months. At MOL’s proposal, Károly Hazuga, MOL Group Downstream Project Portfolio Management and Investment Director, will replace Krisztián Pulay as a member of the Management Board of INA from 28 March 2024, with a mandate until 30 June 2026. Krisztián Pulay will continue to hold the position of MOL Group Downstream Production and Development Senior Vice President.
The Supervisory Board gave its consent to the Management Board proposal of the distribution of 2023 profit in the amount of EUR 224,014,076.81 as follows:
- A part of net profit in the amount of EUR 11,200,703.84 is to be distributed to Legal reserves.
- Dividend pay-out is determined in the amount of EUR 240,000,000.00 (EUR 24.00 per share). The dividend will be paid-out from the part of the 2023 net profit in the amount of EUR 212,813,372.97 and from retained earnings of the Company from 2022 in the amount of EUR 27,186,627.03.
The dividend payment proposal to the General Assembly testifies to INA’s success and financial stability, as well as to successful and efficient management of the company. In parallel with bringing value to our shareholders through dividend payment, company continue building a long-term sustainable business with an intensive investment cycle in all business segments, including new green projects.
About INA Group
INA Group plays a leading role in oil operations in Croatia and an important role in the region in oil and gas exploration and production, oil refining and distribution of oil and petroleum products. The company comprises several subsidiaries fully or partial owned by INA, d.d. The Group’s seat is in Zagreb, Croatia. INA has upstream operations in Croatia and Egypt. Oil refining takes place at the Rijeka Oil Refinery, while sustainable alternative businesses are being developed at the Sisak industrial site. INA’s regional retail network consists of more than 500 retail outlets in Croatia and neighbouring countries. INA Group is a member of MOL Group.
PR
Avenija Većeslava Holjevca 10, Zagreb
Phone: 01 6450 552| @: pr@ina.hr