ALROSA Net Profits Up in Q1, 2014 Dividend Payments Proposed

Finance and Trade
24/04/2015 16:44

The net profit of ALROSA diamond company under RAS jumped by 2.9 times in the first quarter of 2015 to 17.706 billion rubles against 6.118 billion rubles a year earlier, according to the company's data. ALROSA's revenue increased by 1.5 times and amounted to 61.639 billion rubles as compared to 41.504 billion rubles in the first quarter of 2014. During the first quarter of 2015, ALROSA produced 8.4 million carats of diamonds (an increase of 6% year on year).

On 23 April 2015, ALROSA’s Supervisory Board approved recommendations on the Company’s profit distribution. The Board recommended the shareholders to vote for spending RUB 10.826 billion of net profit to pay out dividends for 2014. The dividend per share with the nominal value of RUB 0.50 will total RUB 1.47, which is on par with the dividends paid last year.