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Sollers shares grow by over 7% after dividend payment recommendation for 2023

It was reported earlier that the Board of Directors of Sollers recommended dividend payment for 2023 in the amount of 89 rubles ($0.97) per share

MOSCOW, May 6. /TASS/. Sollers' share price increased by 7.37% to 977.5 rubles ($10.7) per share on the Moscow Exchange after the company announced that the Board of Directors approved dividend payment for 2023.

As of 13:05 Moscow time, Sollers shares slowed down growth to 6.89% and reached 992.5 rubles ($10.86).

It was reported earlier that the Board of Directors of Sollers recommended dividend payment for 2023 in the amount of 89 rubles ($0.97) per share. The date of the shareholders meeting is set to June 24, 2024.

Sollers' net profit for 2023 under the International Financial Reporting Standards (IFRS) amounted to 4.9 bln rubles ($53.63 mln), while revenue for the reporting period reached 82.3 bln rubles ($900.83 mln).

Sollers Auto Group is a Russian car company with a total production capacity of around 300,000 cars per year. Sollers owns production facilities for Russian SUVs and light commercial vehicles (Ulyanovsk Automobile Plant), as well as ZMZ gasoline engines (Zavolzhsky Motor Plant).

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Ukrainian president rejects French leader’s idea of Olympic truce

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Israel launched air attacks on the Jabalia refugee camp, the Qatari TV channel reported

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Mikhail Razvozhaev warned of the danger of falling fragments and submunitions

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New Russian combat equipment in 2024

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Russian MFA urges France to refrain from use of force against protesters in New Caledonia

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Russian missile cruiser Varyag enters Mediterranean Sea

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Russia’s upgraded T-80BV tank to feature capability of firing depleted uranium shells

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Russian troops advance towards Borovaya in eastern Kharkov region — official

Vitaly Ganchev added that as of today, more than 200 square kilometers of the region had been liberated from the Ukrainian armed forces