Official: Only some Russian state firms to pay higher dividends

KRASNOYARSK, Feb 19 (PRIME) – A rise of dividend requirements for state companies to 50% of the net profit will affect only some companies, Deputy Prime Minister Arkady Dvorkovich told PRIME on Friday.

Earlier in February, Federal State Property Management Agency’s Director Olga Dergunova said the agency had proposed increasing dividends of state companies to 50% of net profit starting from payouts for 2015. She did not specify whether the dividends will be based on the Russian Accounting Standard net profit or the International Financial Reporting Standard one.

Dvorkovich said, “As a principal decision – yes, but this does not mean that it will cover all companies. Since there are different situations in each company, we are now analyzing the situations in individual companies, whether there is a risk of investment program reduction.”

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