Petrom delivers consensus expectations in Q4 2023
In Q4 2023, the company reported a clean CCS-based operating profit of RON
2,243 mn, marking a 9% increase YoY and exceeding market consensus by 1%.
The company has raised its base dividend payment by 10% YoY, from RON 0.038
per share to RON 0.0413 per share. Additionally, a special dividend is anticipated
to be announced later in 2024.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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