MTS to pay RUB 17.842 billion in 6-month dividends

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AK&M 03 August 2020 13:11

The Board of Directors of MTS PJSC recommended that the shareholders approve the dividends for the first half of 2020 in the amount of RUB 8.93 per ordinary registered share (RUB 17.86 per ADR) at their extraordinary meeting, the company informed.

The total amount of interim dividends for the first half year may amount to RUB 17.842 billion.

The extraordinary shareholders meeting is scheduled for September 30. September 7 is set as the meeting record date, October 12 as the dividend record date.

Mobile TeleSystems PJSC (MTS, tax number: 7740000076) and its subsidiaries provide services to about 100 million subscribers in Russia, Armenia, Belarus, Ukraine, and Turkmenistan. The company also provides fixed-line telephony and cable television services in all federal districts of Russia and in Ukraine.

The company's authorized capital is RUB 199.84 million. It consists of 1,998,381,575 placed ordinary shares.

IFRS profit of MTS for 2019 attributable to the company's shareholders increased 8 times to RUB 54.2 billion from RUB 6.8 billion a year earlier. Revenue grew by 5.5% to RUB 476.1 billion from RUB 451.5 billion, adjusted OIBDA by 2.8% to RUB 210.3 billion from RUB 204.6 billion.

IFRS profit attributable to MTS shareholders for the first quarter of 2020 increased by 0.8% to RUB 17.7 billion from RUB 17.6 billion a year earlier. Revenue increased by 8.9% to RUB 119.6 billion from RUB 109.8 billion, adjusted OIBDA went up 1.6% to RUB 51.5 billion from RUB 50.7 billion.