Udachny, Alrosa’s biggest diamond mine. Near city of Udachny, Yakutia. Photo by Alrosa.
The board of Russian diamond major Alrosa (MCX: ALRS) has suggested shareholders vote to receive no dividend for 2021 during the upcoming general meeting.
Alrosa reported a net profit of 91.32 billion rubles ($1.5 billion) in 2021, nearly triple the 32.25 billion rubles ($527.7 million) profit in 2020. Dividends for the first half of 2021 amounted to 64.7 billion rubles ($1.04 billion), topping 70% of the company’s net profit in 2021. The final dividend in 2020 amounted to 70.3 billion rubles ($1.15 billion).
