ALROSA’s Supervisory Board recommends not paying dividends for 2022 – Kommersant

ALROSA's Supervisory Board recommends not paying dividends for 2022 - Kommersant

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The Supervisory Board of ALROSA recommended not to pay dividends for 2022. How consider in the company, this decision will improve its sustainability, “taking into account external factors of uncertainty.” This issue will be considered at the annual meeting of shareholders on June 30. The value of the company’s shares at the opening of trading on Mosbirzhe decreased by 5.23%, to 64 rubles. per paper, by 11:30 am it had slightly recovered – 65.28 rubles (-3.35%).

ALROSA did not pay dividends for 2021, as well as for the first half of 2022. Dividends for the first half of 2021 amounted to 64.7 billion rubles, or more than 70% of net profit for the year. The company’s financial statements for 2022 were not published. RBC with reference to Rosstat data reportedthat in general, last year the profit of Russian companies with state participation amounted to more than 2 trillion rubles, which is 52% less than the results of 2021.

Read about ALROSA’s plans in interview its head Sergei Ivanov “Kommersant”.

Laura Keffer

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