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Finance
LOTOS to pay dividend despite challenging times

LOTOS to pay dividend despite challenging times

The Grupa LOTOS Management Board has recommended the payment of a dividend of PLN 1 per share for 2019. The recommendation demonstrates the Company is in a strong financial position and continues to deliver on its business strategy, in which the company declared it would maintain its dividend payment capacity. But the recommendation is also a rational decision aimed at securing funding for the company’s capex projects and providing liquidity in a difficult time of recession caused by the coronavirus pandemic.

General
Another stable quarter for LOTOS

Another stable quarter for LOTOS

In Q3 YTD 2019, LOTOS delivered cumulative LIFO-based EBITDA of PLN 2.3bn, including PLN 0.86bn in Q3 alone. This confirms that the Group’s complementary business segments make LOTOS resilient to the significant changes in the market environment. In Q3, LOTOS Group paid a record-high dividend of PLN 555m, or PLN 3 per share, for 2018. Production from the Utgard field was launched ahead of schedule. The LOTOS refinery operated at full capacity in that period. Start-up of the key EFRA units commenced.

Market activity
The BEST must be perfect in every way – a new LOTOS campaign

The BEST must be perfect in every way – a new LOTOS campaign

LOTOS has launched a new image-building campaign, which is a continuation of “The BEST doesn’t come from nowhere” series. From this week on, a 30-second spot being an extension of the outdoor campaign launched in July, will be run on the Internet and television. The campaign is designed to support customer touchpoints – LOTOS service stations and the entire range of fuel and non-fuel products.