Beluga directors approve paying 50% of IFRS net profit in dividends

MOSCOW, Oct 20 (PRIME) -- The board of directors of Beluga Group, one of Russia’s leading producer of alcoholic drinks, has approved a new dividend policy that raises the minimum dividend payment to 50% of the net profit as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Thursday.

The company will still try to pay dividends at least twice a year, Beluga said.

Previously, the company was to pay at least 25% of the IFRS net profit in dividends.

The company paid 150 rubles per share in dividends for January–June and 47.24 rubles per share in dividends for 2021.

(61.5905 rubles – U.S. $1)

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