ALROSA to pay 2019 divs from bigger sum – IFRS profit, FCF

VLADIVOSTOK, Sep 5 (PRIME) -- Russian uncut diamond mining giant ALROSA will pay dividends for 2019 either from the net profit under International Financial Reporting Standards (IFRS) or from free cash flow depending on which sum is bigger, CEO Sergei Ivanov told reporters on the sidelines of the Eastern Economic Forum on Thursday.

Under the dividend policy, ALROSA makes a dividend decision on the basis of the net debt to earnings before interest, taxes, depreciation, and amortization (EBITDA) ratio, and that 50% of the IFRS net profit is the lowest sum for the payments.

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