“Aeroflot” has declared readiness to pay 50% of the profits as dividends

Moscow. May 19. INTERFAX.RU Aeroflot willing to pay 50% of net profit under IFRS for the year 2016 as dividends, said the head of the company Vitaly Savelyev at a meeting with Russian Prime Minister Dmitry Medvedev. The company, according to him, he is waiting for relevant government guidelines.

Saveliev recalled that “Aeroflot” last year has earned 39 billion RUB of net profit. “In the presence of government guidelines Aeroflot willing to pay up to 50% of dividends to its shareholders. We expect this Directive”, he said.

According to Savelyev, last year Aeroflot carried 29 million passengers, in General, the group of companies “Aeroflot” – 43.4 million passengers.

As reported, the Board of Directors of “Aeroflot” should give a recommendation on dividends for 2016 may 25. According to the current dividend policy of “Aeroflot” target payout is 25% of the group net profit under IFRS. However, the management of “Aeroflot” repeatedly declared that the carrier will pay 50% of the net profit and even more so when the relevant Directive of the government.

The last time Aeroflot has paid dividends by results of 2013 at the rate of 25% of net profit under RAS – only was paid to shareholders 2.7 billion rubles.

In 2014 the net profit of the carrier, the company has $ 13.2 billion rubles, according to IFRS “Aeroflot” has finished the year with a net loss of 17.2 billion rubles In 2015, the corresponding figures amounted to RUB 18.9 billion and 6.5 billion net loss.

The main shareholder of “Aeroflot” – “Rosimuschestvo” (51.2 per cent).