Metafrax will pay intermediate dividends

On the 3rd of February during an unscheduled meeting the Board decided to pay intermediate dividends for 9 months of 2013 at the rate of 3 RUR per share.

Total dividends will amount at 978.411 million RUR, which is 39.4% of the company's net profit for the period (2.484 billion RUR).

In 2012 for the first time Metafrax paid dividends for 9 months at the rate of 3.1 RUR per share. Taking into account intermediate dividends, we can say that total dividend payments in 2012 amounted at 4.1 RUR per share, which is 8.2 times more than in 2011. In 2011 the rate was 0.5 RUR, in 2010 - 0.35.

Stable and high dividends for the last few years are connected by Armen Garslyan with stability of financial results of the company:

- Our dividend policy is clear and consistent. First, shareholders invested in the company's development, and now the result of these investments is the financial performance which allows us to increase dividends. If the performance increases further, we are planning to increase dividends as well.

The chairman also mentioned the possibility of annual dividend payment:

- At the end of 2013 we are also planning to pay dividends, and their rate will be decided later - added Armen Garslyan.