The company paid a gross dividend of RON0.031/share for 2011.
Subject to approval from its shareholders, the company will distribute total dividends worth RON1.58 billion, representing 40% of the record profit of RON3.95 billion posted in 2012.
Thus, Austria’s OMV group, which owns 51.01% in the company, may cash EUR183 million, while the Romanian state, with a 20.64% stake, EUR74 million. Fondul Proprietatea, with a 20.11% stake, will cash EUR72 million.
Petrom’s net profit rose 5% to a record 3.946 billion lei (EUR885.5 million) in 2012, fueled by higher crude oil prices and lower production costs.