UC Rusal might renew dividend payments
The decision upon that will be made on August 26th at the meeting of the Board of Directors of Rusal.
Rusal might pay dividends for the first time since 2010. The respective issue is included in the agenda of the meeting of the Board of Rusal.
Previously Rusal’s CEO, V. Soloviev, reported on a possible payment of dividends. According to him, the payment of dividends will be possible when the company reaches the level of net debt/EBITDA ratio not lower than 3.5. In this case the company’s creditors will not oppose the payment.
In Q1 2015 the company made a net profit under IAS of $572 mln against a loss in Q1 2014. The revenue rose by 17% against Q1 2014 and made up $2.447 bln. The key rate for dividends – EBITDA – rose by 4.2 tomes to $721 mln.
