PJSC RusHydro does not exclude the option of increasing dividend payments by more than a quarter, after the deal on debt restructuring of RAO ES of the East was reached. This was announced by First Deputy General Director George Rizhinashvili, who held a conference call yesterday..
“Through the transaction, we will be able to reduce the costs associated with debt service, which will lead to the fact that the projected total volume of net profit will increase by forty percent in just five years. This means that our dividend payout base will also grow, ”he says. He also added that at the moment the company uses a quarter of its net profit under IFRS for dividend payments..
Recall that since the beginning of November this year, the company’s debt has reached almost a hundred billion rubles, of which about forty billion are debts that were received after the reform of RAO ES of Russia, and about the same amount is covering the deficit due to tariff decisions. balance type, and the smaller part of the debt is the project implementation of what, according to the investment return plan, does not imply.
Earlier, there were reports that RusHydro and VTB signed a cooperation agreement, under which the hydropower company will receive financing through an additional share issue from the bank in the amount of 85 billion rubles.
