PM has confirmed Gazprom’s right to pay fewer dividends that stated
Edited by Rhod Mackenzie / 2016-05-23 05:52:40
The PM D. Medvedev ordered Gazprom to direct for dividends -2015 at least 186 bln roubles or 46% of net profit under RAS.
Last Thursday the Board of Gazprom recommended to pay dividends-2015 at the rate of 7.89 roubles/general share. The total volume of dividends will make up 186.784 bln roubles. This amount is significantly lower than 50% of the company’s net profit under IAS and even lower than a half of the profit under RAS.
Thus Gazprom has managed not to pay 50% of its net profit by RAS or IAS.
Gazprom was supposed to pay 16.62 roubles/share and the annual investment program would be cut if the company followed the Government order.
On May 16th the Government agreed with Gazprom.
