The Board of Directors of Rostelecom recommended dividends for 2022.

Board of Directors “Rostelecoma” recommended shareholders to approve the payment of dividends for 2022 in the amount of 5.4465 rubles. for ordinary and preferred shares. The total amount allocated for the payment of dividends may amount to 19 billion rubles. About it it says in a company message.

Against the background of the message, the cost of ordinary shares of Rostelecom increased by 2.52% to a daily maximum of 77.7 rubles. As of 17:10 Moscow time, shares cost 77.35 rubles. (+2.06%). The Moscow Exchange index at this time was 3,245.8 points (+0.34%). Since the beginning of the year, it has grown by 50%, the company’s quotes by 38%.

At the end of 2021, the company paid dividends in the amount of 4.56 rubles. for ordinary and preferred shares. In total, the company allocated 15.9 billion rubles for the payment of dividends, which amounted to 50% of net profit under IFRS for 2021.

The Board of Directors also approved the date on which persons entitled to receive dividends based on the results of 2022 are determined – December 1, 2023.

The annual meeting of shareholders is scheduled for November 20, it will be held in absentia. Shareholders registered in the register as of October 28 will be able to participate.

Based on the results of six months of 2023, Rostelecom’s net profit grew by 18% year on year to RUB 26.9 billion. Over two years, the figure increased by 17%, the company’s report says. Revenue increased by 15% year-on-year to RUB 324.5 billion. Over two years, its growth was 20%. OIBDA for the first half of 2023 increased by 8% to RUB 135.1 billion. (growth +21% over two years). OIBDA margin was 41.6% versus 44.2% for the first half of 2022.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button