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ALROSA Pays $1.15B In Dividends For FY 2018

ALROSA’s board recommended a dividend of RUB 30.3 billion ($470 million) for the second half of fiscal 2018. This is 100 percent of the group’s free cash flow for the period. With this, ALROSA’s total dividend payouts for fiscal 2018 now stand at RUB 73.9 billion ($1.15 billion).

According to ALROSA, the payout, which will take place on July 15 this year, is an all-time record. According to International Financial Reporting Standards (IFRS) ALROSA’s free cash flow for fiscal 2018 amounted to RUB 92.3 billion ($1.43 billion), while net profit stood at RUB 90.4 billion ($1.4 billion).

ALROSA paid a dividend of RUB 38.6 billion ($599 million) or 50 percent of its IFRS net profit in fiscal 2017.

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