Fix Price to Suspend Dividends Until “Situation Stabilizes”
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The Board of Directors of the retailer Fix Price refused to pay the final dividend for 2021 in the amount of 5.8 billion rubles. and announced the suspension of the current dividend policy. This is stated in report company on financial results for the first half of 2022.
As Dmitry Kirsanov, CEO of the network, explained, the company expects to resume paying dividends “as the situation stabilizes.” “This is a forced and temporary measure due to external factors. The company intends to resume paying dividends as the situation stabilizes. We will provide the market with updated information in a timely manner,” he said in a press release.
The company’s net profit, follows from the report, in annual terms fell by 47.9% (5.1 billion rubles in the first half of 2022 against 9.79 billion rubles in the same period of 2021). Revenue of Fix Price grew to 131.79 billion rubles. for the first half of the year (compared to 106.12 billion rubles a year earlier).
In April, the company announced the postponement of dividend payments for 2021 for up to 12 months. On February 28, four days after the start of the military operation in Ukraine, the company’s board of directors decided change her registration. In May Fix Price issued temporary registration in Cyprus.
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