Exec: Russia’s M.Video not to pay dividends for 2023
MOSCOW, Oct 24 (PRIME) -- Russian retailer of electronics and household appliances M.Video does not plan to pay any dividends for 2023 to focus on business development, CFO Anna Garmanova said in a conference call on Tuesday.
“No, we plan no dividend payments for 2023,” she said.
It is better for the company to focus on business development right now given its debt burden, she pointed out.
She also said that a possible buyback of the company’s shares from foreigners from the unfriendly countries was not on the agenda. “We will discuss it when the time comes,” Garmanova said.
M.Video did not pay dividends for 2021 and 2022.
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24.10.2023 10:40