The Supervisory Board of ALROSA recommended dividends for the first half of the year at 3.77 rubles. per share

The Supervisory Board of ALROSA recommended dividends for the first half of the year at 3.77 rubles.  per share

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The Supervisory Board of ALROSA recommended paying dividends based on the results of the first half of the year in the amount of 3.77 rubles. per share, according to site. The total amount of payments may amount to 27.77 billion rubles.

Against the backdrop of these news, the company’s shares on the Moscow Exchange fell by 1.3%, to 84.13 rubles. The extraordinary meeting of shareholders will be held on September 30 in absentia. The register for receiving dividends will be closed on October 18, 2023.

In May, the Supervisory Board of ALROSA recommended not pay dividends for 2022. The company considered that this would increase its stability, “taking into account external factors of uncertainty.” ALROSA also did not pay dividends for 2021.

In early August, ALROSA presented the first financial statements since 2021. The company managed to maintain revenues at the same level as last year in the first half of the year, but net income and free cash flow decreased by 35% on the back of increased capex and working capital.

Read more about the results of the company – in the material “Kommersant” “Diamonds did not notice the sanctions”.

Laura Keffer

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