30 Oct 2017 19:43

Detsky Mir may pay out 2.2 bln rubles in dividends for 9M

MOSCOW. Oct 30 (Interfax) - Detsky Mir may pay out 2.2 billion rubles in dividends for 9M 2017, the children's goods retailer's CFO Anna Garmanova said in a conference call on Monday.

She said that the Detsky Mir board of directors will consider the recommendation on paying dividends at a meeting in December.

The company could therefore pay out 100% of net profit to Russian Accounting Standards (RAS) as dividends: "Our net profit for 9M was 2.2 billion rubles. We will recommend the board of directors allocate this amount as dividends," the retailer's CFO said.

According to a company report, RAS net profit for 9M declined 29.5% to 2.2 billion rubles from 3.1 billion rubles last year.

The company also allocated 100% of RAS net profit as dividends in 2016: 3.48 rubles per share, totaling 2.6 billion rubles.