Norilsk Nickel shareholders approve half-year dividends

Shareholders of Norilsk Nickel approved half-year dividends in the amount of 1.85 rubles per common share, Vedomosti reports citing the corporate disclosure feed. 28.28 billion rubles will be allocated for the payments.

The record date for determining who is entitled to dividends was set for October 12. The last time Norilsk Nickel paid dividends was in 2023.

The total amount of declared dividends amounted to 139,920 million rubles. At the same time, the dividend per share amounted to 915.33 rubles after the split, which the company carried out on April 4, 2024.

Norilsk Nickel's revenue under IFRS for six months amounted to $8.30 billion, or 645.33 billion rubles, which is 28.4% higher than the figure for the same period last year. Gross profit increased by 45.0% and reached $4.16 billion (323.44 billion rubles).

Operating profit almost doubled and amounted to $3.07 billion (238.69 billion rubles). Profit for the period reached $2 billion (155.5 billion rubles), increasing by 137.6%.

Based on the results of the first half of the year, the company reduced nickel output by 2% year on year, to 85,000 t, and copper output by 5%, to 203,000 t. In Q2, nickel production increased by 4% compared with Q1 and amounted to 43,000 t.

Sources

• Vedomosti