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Unipetrol as (UNPE.PR)

UNPE.PR on Prague Stock Exchange

16 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Unipetrol CEO hopes to match H1 results in second half
Friday, 21 Jul 2017 05:50am EDT 

July 21 (Reuters) - Unipetrol As :CEO says aims to deliver H2 results at least as good as H1 nP7N1I402N.CEO reiterates aim to systematically raise dividend per share ratio nS8N1FV00R.  Full Article

Unipetrol Q2 net profit rises, boosted by insurance claims
Friday, 21 Jul 2017 01:27am EDT 

July 21 (Reuters) - Unipetrol As :says Q2 net profit CZK 3.57 billion versus CZK 3.11 billion year ago.says Q2 revenue CZK 31.18 billion versus CZK 20.55 billion year ago.says Q2 EBITDA LIFO CZK 6.54 billion versus CZK 4.58 billion year ago.says CZK 3.1 billion recognised for insurance claims in Q2 EBITDA LIFO.says in mid-year report that taking into account insurance claims, forecasts 2017-18 EBITDA LIFO at almost CZK 24 billion (pvs CZK 19.7 billion) nS8N1FV00M.says in regard to refining and petrochemical margins, a continuation of current levels is expected in H2 -mid-year report.says expects to recover additional CZK 2.8 billion in insurance claims in H2, amount depends on final agreement with insurer.insurance claims in H2 relate to final settlement of claim .  Full Article

Unipetrol shareholders approve dividend CZK 8.3 per share
Thursday, 8 Jun 2017 01:55am EDT 

June 8 (Reuters) - Unipetrol As :Unipetrol shareholders approved a dividend of 8.3 crowns per share, with the total payout of 1.51 billion crowns from 2016 profit and retained profit from previous years, the company said.  Full Article

Unipetrol expects to finalise insurance payments in Q3
Thursday, 27 Apr 2017 05:34am EDT 

April 27 (Reuters) - Unipetrol As :Unipetrol says expects to finalise insurance payments probably in Q3 nL8N1HZ0RO.  Full Article

Unipetrol Q1 net profit rises to CZK 2.83 billion
Thursday, 27 Apr 2017 12:57am EDT 

April 27 (Reuters) - Unipetrol As :Unipetrol says q1 net profit czk 2.83 billion ($114.86 million), versus loss czk 25 million in q4/16 and czk 2.62 billion profit in q4/16.Unipetrol says q1 revenue czk 29.85 billion, up 69 percent y/y, driven by higher crude prices and higher petrochemical products sales.Unipetrol says q1 ebitda lifo czk 3.62 billion, versus czk 350 million in q1/16 and czk 3.26 billion in q4/16.says company should be in a position to recover czk 14 billion from insurer in steam cracker accident, amount of czk 7.9 billion was recognized in 2016 financial results.says company should be in a position to recover czk 1.2 billion from insurer in fcc unit incident, amount of czk 1.0 billion was recognized in financial results for q1.says volume of processed crude oil up by 35 percent y/y thanks to stable operation of both refineries .says refining sales volumes up 3 percent to 1.6 mt.  Full Article

Unipetrol shares hit highest since September 2010
Wednesday, 15 Mar 2017 05:53am EDT 

Unipetrol : Unipetrol shares drop 2 percent after release of new strategy targets in early trading on Wednesday . Later shares turn positive, hit highest since september 2010 . Up 0.8 percent at CZK 224.70 at 0950 GMT . Company targets combined EBITDA LIFO of CZK 19.7 billion in 2017-18, plans raising dividend [nS8N1FV00R] Further company coverage: [UNPE.PR] ((jason.hovet@thomsonreuters.com;)).  Full Article

Unipetrol to recommend dividend payment from 2016 profit
Wednesday, 15 Mar 2017 05:06am EDT 

Unipetrol As : Unipetrol says on conference call EBITDA LIFO targets in 2017-18 do not include any insurance claim payments [nL5N1GD763] [nL5N1FG1J4] . Unipetrol CFO says can expect higher dividend than total czk 1 billion paid from 2015 profit, exact amount to be released with agm invitation . Unipetrol CFO says intention is to systematically raise the dividend per share ratio, should be on reasonable level compared to annual average share price . Unipetrol CFO says management intends to recommend dividend from 2016 profit . Unipetrol CFO says AGM likely to be in June . company earlier released new 2017-21 strategy, targetting CZK 19.7 billion in total EBITDA LIFO in 2017-18 [nS8N1FV00M] Further company coverage: [UNPE.PR] ((jason.hovet@thomsonreuters.com;)).  Full Article

Unipetrol conditioning dividend payments on financial stability-CFO
Wednesday, 15 Mar 2017 04:37am EDT 

Unipetrol As : Unipetrol cfo says conditions payments of dividend on maintaining financial stability of company . Unipetrol cfo says company will maintain being a dividend paying company Further company coverage: [UNPE.PR] ((jason.hovet@thomsonreuters.com;)).  Full Article

Unipetrol says Spolana results so far better than expected
Wednesday, 15 Mar 2017 04:19am EDT 

Unipetrol As : Unipetrol executive says on conference call that "Spolana results so far are even better than assumed in our acquisition base case" [nL8N1923GY] [nL8N19D4YP] Further company coverage: [UNPE.PR] ((jason.hovet@thomsonreuters.com;)).  Full Article

Unipetrol targets EBITDA LIFO of CZK 19.7 bln in 2017-18 in new strategy
Tuesday, 14 Mar 2017 12:45pm EDT 

Unipetrol As : boards approved the document Unipetrol Group Strategy . targets total combined EBITDA LIFO at the level of CZK 19.7 billion ($775.32 million) in 2017-18 . includes CZK 17.5 billion in Downstream segment, CZK 2.3 billion in Retail segment and CZK (-0.1) billion in Corporate functions segment . targets total combined CAPEX at the level of CZK 16.3 billion in 2017-18, consisting of CZK 8.6 billion for development purposes (83% in Downstream, 15% in Retail and 2% in Corporate functions) and CZK 7.6 billion for maintenance and regulatory expenditures . targets completion of construction of new polyethylene unit (PE3); . targets increased market share in retail – to 20.7% in 2018 . targets realization of the potential of refinery assets with high utilization of 87 percent on average over 2017-2018 . targets safe financial standing of Unipetrol capital group and systematic increase of dividend-per-share ratio . strategy for horizon 2017-21, intends to cyclically update and communicate its plans for the coming periods . strategy assumes model refining margin of 4.7 USD/bbl, Brent crude oil price 55 USD/bbl, Brent/Ural differential 2.2 USD/bbl Further company coverage: [UNPE.PR] ($1 = 25.4090 Czech crowns) ((jason.hovet@thomsonreuters.com;)).  Full Article