CEO: Transneft ready to pay 50% of net profit in divs for 2017

MOSCOW, May 7 (PRIME) -- Russian oil pipeline monopoly Transneft is ready to pay 50% of its International Financial Reporting Standards (IFRS) net profit in dividends for 2017 although it would be difficult, CEO Nikolai Tokarev told PRIME on Monday.

“If 50(%) is necessary, we will consider the 50(%), but it will be hard for us… Our dividend policy envisages paying 25%, now the issue is being discussed by the government,” he said.

The company’s IFRS net profit declined 17.7% to 191.8 billion rubles in 2017, it said in March.

(63.2012 rubles – U.S. $1)

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