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Astra board of directors recommends 9M dividends amounting to 2.64 rubles per share

The company’s dividend policy suggests that Astra may allocate from 50% of adjusted net profit for payouts provided that the net debt/EBITDA ratio is less than 1x

MOSCOW, November 20. /TASS/. The board of directors of Astra Group, the producer of infrastructure software, has recommended that shareholders approve dividends for 9M 2024 in the amount of 2.65 rubles per share, the company reported.

"To recommend the extraordinary general meeting of shareholders to take a decision to pay dividends on ordinary shares for 9M 2024 in the amount of 2.64 rubles per 1 ordinary share," the report said.

The company’s dividend policy suggests that Astra may allocate from 50% of adjusted net profit for payouts provided that the net debt/EBITDA ratio is less than 1x. Astra’s revenue for 9M 2024 under International Financial Reporting Standards (IFRS) climbed by 84% to 8.6 bln rubles ($85 mln).