jugopetrol Archives - On-the-Ground CBAM Execution in Serbia

Montenegro: Jugopetrol positioned to secure contract for fuel reserve storage Read More »

Montenegro: Jugopetrol positioned to secure contract for fuel reserve storage

Jugopetrol, Montenegro’s main fuel distributor and a subsidiary of Greece’s Hellenic Energy, has become the sole bidder in the Government’s tender for leasing storage facilities intended for the country’s strategic petroleum reserves. The offer will now be evaluated by the national hydrocarbons administration, which will decide whether to move forward with contract negotiations. The tender, […]

Montenegro: Jugopetrol posts €8.8 million profit in first nine months of 2025 despite lower sales Read More »

Montenegro: Jugopetrol posts €8.8 million profit in first nine months of 2025 despite lower sales

Montenegrin fuel retailer Jugopetrol achieved a net profit of 8.8 million euros in the first nine months of 2025, up from 7.3 million euros in the same period last year. The company’s net sales amounted to 196.3 million euros, representing a 3.1 percent decrease compared to the same period in 2024. Operating expenditures also declined

Montenegro: Jugopetrol reports €3.44 million profit in H1 2025 amid lower sales and spending Read More »

Montenegro: Jugopetrol reports €3.44 million profit in H1 2025 amid lower sales and spending

Montenegrin fuel retailer Jugopetrol posted a net profit of 3.44 million euros in the first half of 2025, significantly down from 27.8 million euros recorded in the same period last year. Despite the drop, this year’s figure represents a 23.7 percent increase compared to earlier annual trends, with the company having earned 7 million euros

Montenegro: Jugopetrol to pay €1.29 dividend per share from retained profits Read More »

Montenegro: Jugopetrol to pay €1.29 dividend per share from retained profits

Montenegrin fuel retailer Jugopetrol has announced it will distribute a gross dividend of €1.29 per share for this year, maintaining the same payout as the previous year. The decision was made despite the company choosing to retain its entire 2024 net profit of €7.14 million. Instead of using current-year earnings, Jugopetrol will fund the €6

Montenegro: Jugopetrol reports strong Q1 2025 profit growth despite stable sales Read More »

Montenegro: Jugopetrol reports strong Q1 2025 profit growth despite stable sales

Montenegrin fuel retailer Jugopetrol reported a net profit of 1.07 million euros in the first quarter of 2025, a significant increase compared to the approximately 83,000 euros profit recorded in the same period last year. The company’s net sales remained steady at around 47.5 million euros during the first three months of 2025, while operating

Montenegro: Jugopetrol maintains steady profit in 2024 despite slight asset decline Read More »

Montenegro: Jugopetrol maintains steady profit in 2024 despite slight asset decline

Montenegrin fuel retailer Jugopetrol posted a net profit of 7 million euros in 2024, maintaining a similar performance as the previous year. The company’s net sales grew by 1.1%, reaching 255.5 million euros, while its operating expenditures increased by 0.7%, totaling 243 million euros. At the close of 2024, Jugopetrol’s total assets stood at 126.8