15 Apr 2013 16:38

Inter RAO to have difficulty paying dividends for 2012 - CFO

MOSCOW. April 15 (Interfax) - Russian energy company Inter RAO UES is likely to have difficulty paying out dividends for 2012 due to the loss it generated to Russian Accounting Standards (RAS), the company's CFO and member of its management board Dmitry Palunin said during a conference call on Monday.

However, he stressed that the final decision is up to the shareholders.

Inter RAO did not pay out dividends for 2011 because it generated a loss in that year, as well.

In 2011, Inter RAO approved a dividend policy envisaging at least 5% of net profit for dividends each year.