At its session due September 6, the Board of Directors of OJSC NOVATEK will consider the dividends for H1 2013, the company informed.
Besides, the Board of Directors will consider matters related to the next extraordinary general meeting including its agenda, and discuss the progress of the Yamal-LNG project.
The record date for the meeting is expected to be September 16.
It will be recalled that NOVATEK paid RUB 9.109 billion in dividends for H1 2012 at the rate of RUB 3 per share.
NOVATEK (tax number: 6316031581) is the second largest natural gas producer in the Russian Federation after Gazprom. In 2012, the company increased its sales result to 58.9 bcm of natural gas (+9.7% against 2011) benefiting from its subsidiaries' organically growing gas production.
NOVATEK's IFRS profit for 2012 attributable to its shareholders increased by 22.6% to RUB 69.5 billion. Sales revenue rose by 20.4% to RUB 211 billion from RUB 175.3 billion in 2011.
IFRS net profit of NOVATEK for Q1 2013 grew by 7% to RUB 22.698 billion from RUB 21.239 billion. Sales revenue increased by 48.9% to RUB 80.6 billion from RUB 54.1 billion.