The Board of Directors of M.Video recommended not to pay dividends for 2022

Retailer Board of DirectorsM Video» will not pay dividends for 2022. About this says in a company statement.

“Recommend to the annual general meeting of shareholders of PJSC”M Video» make the next decision <...> based on the results of 2022: “Do not distribute net profit received based on the results of 2022, do not pay dividends,” the message says.

“M Video” did not pay dividends in 2021 either. At the same time, based on the results of the first nine months of that year, it was decided to pay dividends, then a part of net profit in the amount of almost 6.3 billion rubles was directed to this.

In the beginning of May “M Video» reported on financial results for 2022 under IFRS. The company’s total sales (GMV) decreased by about 14% to RUB 488.9 billion. Gross profit amounted to about 83 billion rubles. (a drop of 5.1%), and revenue fell to 402.5 billion rubles. (by 15.5%).