Naftna Industrija Srbije Provides Earnings Guidance for 2013 and Production Guidance for 2013 and 2014; Provides Dividend Guidance for 2013
The company expects hydrocarbon production to grow 12.5% to 1.8 million tonnes of oil equivalent in 2013. Refining is expected to jump 45% to 3.1 million tonnes.
The company expects to increase oil production by 1-2% and refining by about 10% to 3.3 million-3.4 million tonnes in 2014.
The company expects to maintain dividends at the 2012 level for 2013. The company has approved dividend
policy - at least 15% of profit. The company paid dividends of RSD 75.83 per share for 2012, paying out a total of RSD 12.36 billion, or 25% of profit for last year.