Shareholders of Raspadskaya once again refused to pay dividends for the year
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Shareholders of the coal companyRaspadskaya» will not pay dividends for 2022, should from a message published on the SKRIN information disclosure website.
“Following the results of 2022, we recommended not to pay dividends, because the situation is too volatile, and there are a huge number of risks,” said Ilya Shirokobrod, President of the company (quote by Interfax).
Shirokobrod explained that “Raspadskaya” is a half export company, because of which “we are noticeably integrated into the situation in the world.” “And in this regard, we still do not see any drivers to reduce risks,” the president of the coal company concluded.
The coal company did not pay dividends for 2021 either – then for such a decision voted about 99.9% of the shareholders.
Raspadskaya is one of the largest producers of coking coal in Russia and is part of the Raspadskaya Coal Company of the Group Evraz. The company’s EBITDA for 2022 decreased to $1.295 billion (by 3%).
Revenue under international financial reporting standards (IFRS) increased by 35% (to $2.842 billion), due to changes in delivery terms and higher prices for coal products.
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