The Board of Directors of PhosAgro recommended to the extraordinary meeting of shareholders to approve dividend payments at the rate of RUB 264 per ordinary share. This is stated in the company's message.
The Board recommended setting July 11, 2023 as the closing date of the register for receiving dividends. The extraordinary meeting of shareholders, which will consider this issue, will be held on June 30, 2023 in absentia.
PJSC PhosAgro (TIN 7736216869) is a Russian vertically integrated company, one of the world's leading producers of phosphorus-containing fertilizers. PhosAgro's global depositary receipts are listed on the LSE and on the Russian Stock Exchange.
PhosAgro's net profit for the first quarter of 2023 fell by 35.4% to RUB 28.06 billion from RUB 43.46 billion a year earlier. Revenue decreased by 35.7% to RUB 116.18 billion from RUB 180.68 billion, EBITDA decreased by 36.8% to RUB 55.39 billion from RUB 87.67 billion.
