RusHydro plans to pay dividends for 2022 by 22.4 billion rubles

AK&M 02 June 2023 17:43

The Board of Directors of RusHydro recommended shareholders to allocate 22.4 billion rubles for dividends at the rate of 0.050254795 rubles per share. This is stated in the company's message.

The recommended amount is higher than the average value of the dividends declared for the three previous periods and amounts to 50% of the adjusted non-monetary profit of the RusHydro Group under IFRS for 2022.

The Council also set July 11, 2023 as the date on which the persons entitled to receive dividends are determined.

PJSC "Federal Hydrogenerating Company - RusHydro" (TIN 2460066195) - unites renewable energy facilities in Russia and abroad, thermal power plants and electric grid assets in the Far East, as well as energy marketing companies and research and design institutes. As of June 30, 2022, the company's shareholders are: RF (61.73%), VTB (12.52%), other persons (25.75%). The share of free-float shares calculated and published by PJSC Moscow Exchange according to its methodology is 24%.

RusHydro's RAS net profit for the first quarter of 2023 increased by 2% to RUB 17.6 billion. compared to a year earlier. The cost of sales increased by 18% to RUB 18.8 billion. EBITDA increased by 8% to RUB 29.5 billion.

RusHydro's net profit under IFRS for the first quarter of 2023 increased by 38.1% to RUB 27.3 billion. compared to a year earlier. Revenue, taking into account government subsidies, increased by 20.9% to RUB 156.8 billion, EBITDA – by 21.6% to RUB 43.3 billion.