SIBUR Holding to pay RUB 12.482 billion in 6-month dividends

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AK&M 05 August 2020 19:11

The Board of Directors of PJSC SIBUR Holding has recommended that the shareholders decide to allocate more than RUB 12.482 billion for dividend payments to the shareholders for the six-month period in 2020 (RUB 5.73 per share), the company informed.

The extraordinary shareholders meeting is scheduled for September 3.

PJSC SIBUR Holding (tax number: 7727547261) is the largest Russian manufacturer of petrochemical goods. SIBUR's controlling shareholder is Leonid Mikhelson.

SIBUR's IFRS net profit for 2019 increased by 27.6% YoY to RUB 141.4 billion. The company's revenue decreased by 6.6% to RUB 531.3 billion, EBITDA by 15.4% to RUB 170 billion.

IFRS net loss of SIBUR Holding for Q1 2020 amounted to RUB 52.281 billion against a profit of RUB 46.02 billion a year earlier. Revenue dropped by 7.8% to RUB 120.671 billion from RUB 130.886 billion, EBITDA by 15.2% to RUB 37.428 billion from RUB 44.161 billion.