Tatneft to spend almost 25 bln roubles on dividends

​Tatneft will spend 24.6 bln roubles on dividends on the results of 2014 - 30% of its net profit.

In 2014 Tatneft made 104 bln roubles of pre-tax profit, 19.4 bln roubles of which were paid to the budget as income tax. The company’s Board of Directors will consider the issue of distribution of net profit of 82 bln roubles, 24.6 bln roubles will be spent for dividends, the rest part will be spent on capital investment and filling of circulation funds, deputy CEO of Tatneft, V. Lavuschenko, said.

The decision was made by the majority of votes.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer