Mother and Child will return to paying dividends after re-registration – Kommersant
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The MD Medical group of companies (a network of Mother and Child clinics) will return to paying dividends after completing the business re-registration procedure. In December, the company’s board of directors approved a dividend policy, which provides for the possibility of distributing 100% of net profit as dividends.
“As soon as we go through all the stages of redomiciliation, we will immediately hold a board of directors and pay dividends. We plan to pay out 50% to 75% of EBITDA for years in which we did not pay, including 2023,” MD Medical Managing Director Mark Kurtzer said on an investor conference call (quoted by TASS).
Against the background of reports of readiness to return to paying dividends, the company’s receipts grew by 4.86%, to 1038.1 rubles. a piece.
Formerly MD Medical reportedthat total revenue for 2023 according to IFRS increased by 9.6%, to 27.6 billion rubles. Net profit amounted to 7.8 billion rubles. (+65.8%), EBITDA – 9.2 billion rubles. (+16.3%).
About the resumption of dividend payments – in the text of Kommersant “Generosity is not a vice”.
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