Finance Ministry backs paying 50% of profit in divs by state firms

MOSCOW, May 15 (PRIME) -- The Finance Ministry still supports dividend payments by state-run companies at 50% of their International Financial Reporting Standards (IFRS) net profit, and the Economic Development Ministry has a similar attitude, Deputy Finance Minister Alexei Moiseyev told reporters on Tuesday.

“We still endorse (paying 50% of the IFRS net profit in dividends). The dividend policy should be stable. (The Economic Development Ministry) has a generally similar position,” he said and added that the issue is still under discussion.

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