The Board of Directors of Rusagro will consider the issue of paying dividends in early 2025 after the completion of the redomicilation. This was stated by Alexander Tarasov, Deputy General Director of Rusagro Group, during an online conference.
He noted that the company does not plan to accumulate cash to pay dividends. The company also does not plan to raise special funds for the payment of dividends, as this is rational from the point of view of creating shareholder value.
Recall that in 2023 it was decided not to pay dividends.
Rusagro Group is controlled by Ros Agro PLC, registered in the Republic of Cyprus. Rusagro Group of Companies is one of the largest vertically integrated agricultural holdings in Russia. The Group is involved in sugar production, fat and oil business, pig farming and crop production.
Rusagro's net profit for the first 9 months of 2024 fell by 50% to 19.398 billion rubles ($215 million) compared to a year earlier. Revenue increased by 21% to RUB 215.26 billion ($2.387 billion). Adjusted EBITDA decreased by 20% to RUB 24.4 billion ($271 million).
