BoD “Tatneft” recommended to pay dividends in the amount of 27.54 rubles. per share
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The Board of Directors of Tatneft recommended that shareholders approve dividend payments in the amount of 27.54 rubles. per share for the first half of 2023. This was reported by the press service of the oil company.
According to a report cited by TASS, an extraordinary meeting of shareholders, at which dividends for the first half of the year will be discussed, is scheduled for September 21. Voting will take place by correspondence. Those who will be entitled to receive dividends will be determined on October 11.
According to the dividend politics Tatneft, the company allocates at least 50% of its net profit under RAS or IFRS for dividends, whichever is higher. The net profit of Tatneft according to RAS for January-June of the current year amounted to 128 billion rubles. It decreased by 15.7% compared to the same period last year. The company’s revenue amounted to 531 billion rubles, which is a quarter less than in the same period last year. The company has not yet published financial results under IFRS.
Read more about the company’s financial results in the material “Kommersant-Volga-Ural” “Tatneft” summed up the prices”.
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