The company raised RON20 million via the IPO carried on BVB. A total 2,163 investors participated in the offering and subscribed 3,632,272 shares. On the AeRO market, the shares will be traded under the stock symbol JTG.
The money raised from the IPO will stay in the company and will be earmarked for the development and consolidation of business lines, from boosting the volumes of fuels traded in the local market to opening filling stations in shopping centers, intended for private individuals, as well as finalizing and operating the JT terminal.
For 2024, JT Grup Oil expects RON332.9 million turnover, against RON224.4 million last year. The company forecasts net profit of RON11.7 million, after RON5.7 million in 2023.
(English version by Catalina Apostoiu)