Globaltrans says IFRS net profit drops by 41% in Jan-Jun

MOSCOW, Aug 31 (PRIME) – Globaltrans, one of Russia’s top railroad operators, decreased its net profit by 41%, down to 4.2 billion rubles, in January-June 2021 compared to January-June 2020, as calculated under International Financial Reporting Standards, the company said in a statement on Tuesday.

Revenue fell by 9% to 32.1 billion rubles in January-June 2021 compared to the same period last year. Adjusted revenue fell by 14% to 24.8 billion rubles. Adjusted EBITDA decreased by 29% to 10.4 billion rubles.

“The company today announces that the Board has approved interim and special interim dividends for the first half of 2021 of a combined 4.0 billion ruble or 22.50 ruble per share/GDR, which is above the previously announced target. GDRs will be marked as ex-dividend on 3 September 2021 (as set by London Stock Exchange),” the company said.

“A strong final 2021 dividend target has been established, representing a 25% increase on the approved interim dividends, of 5.0 billion rubles (about 27.97 rubles per share/GDR) subject to no significant adverse changes. Payment is expected in April-May 2022.”

For more details, click the links below:

https://globaltrans.com/investors/news/detail/2276

https://globaltrans.com/investors/news/detail/2277

(73.3350 rubles – U.S.$1)

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