The total amount of dividends from Positive Group at the end of the year will be 4.8 billion rubles
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Board of Directors of PJSC Positive Group (MOEX: POSI; the parent company of the Positive Technologies group) recommended paying additional dividends for 2022 in the amount of RUB 1.04 billion. According to message company on the corporate information disclosure portal, the total amount of dividends for last year, taking into account previous payments, will be 4.8 billion rubles. (3.7 times more compared to 2021).
According to its dividend policy, Positive Technologies will pay an annual dividend of 50% to 100% of management net income (NIC). “Based on 2022 results, the company will allocate 100% of NIC as dividends, minus adjustments for special income tax,” the group said in a statement.
The company’s CEO Denis Baranov explains the increase in dividend payments by growth and high profitability of the business. According to him, against the backdrop of growing income, the company continues to invest in research and development (R&D). Mr. Baranov notes that investing in people as the company’s main asset can support high business growth rates.
Positive Technologies is a developer of cybersecurity solutions. Since 2020, the company has been included in the list of systemically important organizations of the Russian economy in the field of information and communications. For 2022, the revenue of Positive Group according to international financial reporting standards (IFRS) amounted to 13.8 billion rubles, sales volume – 14.5 billion rubles, NIC – 5 billion rubles. According to the results of the first half of 2023, the company’s revenue amounted to 4.6 billion rubles, loss – 386 million rubles, net loss – 400 million rubles.
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