Saturday, March 28, 2020

ALROSA’s shareholders approve profit distribution

ALROSA's shareholders approve profit distributionALROSA’s shareholders approve profit distribution

ALROSA’s shareholders approve profit distribution

ALROSA’s shareholders approve profit distribution. ALROSA’s Annual General Meeting of Shareholders concluded with it’s shareholders approving the annual report and financial statements. The meeting held on June 26 also included shareholders making decisions on distribution of profit for 2017.

Accordingly, 38.59 billion rubles have been decided to be paid as dividends – 5.24 rubles per one ordinary share at a nominal price of 50 kopecks.

The consolidated financial statements of PJSC ALROSA and its subsidiaries, prepared in conformity with IFRS Standards, noted that net profit, net of income attributable to the non-controlling interest was worth 77.075 billion rubles in 2017. Of this, 50.07 percent will be allocated as dividends.

A list has been drawn as of July 14, 2018 identifying the shareholders eligible for the dividends for 2017.

The amount of ALROSA dividends following 2017 has become one of the largest in the history of the company and gives place only to dividend payments for 2016 (65.8 billion rubles).

Mines to Market
the authorMines to Market
Prashant Rathod

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