MOSCOW, Jul 2 (PRIME) -- The shareholders of Russia’s shoe retailer Obuv Rossii Group have approved payment of 2.32 rubles per share, or a total of 262 million rubles, in dividends for 2017, the company said in a statement on Monday.
The record date is set for July 16.
In October 2017, CEO Anton Titov said the company may allocate 20% of its International Financial Reporting Standards (IFRS) net profit for dividends for the year.
The net profit of Obuv Rossii rose 10.8% on the year to 1.31 billion rubles in 2017.
(62.7565 rubles – U.S. $1)
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