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Rosneft net income attributable to shareholders increased 29%

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Christian Fernsby ▼ | February 19, 2020
Interim dividend for the first half of 2019 amounted to 15.34 RUB/share, which is 5.2% higher than in the first half of 2018.
Rosneft   Strong results for the second half of Rosneft 2019
Strong results for the second half of Rosneft 2019 will allow Rosneft to increase the final dividend at a much faster pace, as the Net profit for the period increased more than 50%.

Topics: Rosneft

Subject to a relevant decision of the Annual General Meeting of shareholders, the dividend Rosneft yield based on the average share price for 2019 will be about 8%.

In 12M 2019 free cash flow of Rosneft amounted to RUB 884 billion (USD 13.7 billion), including RUB 271 billion (USD 4.3 billion) in 4Q 2019.

This allowed Rosneft not only to fulfill all of its obligations to the shareholders to pay annual dividends for 2018 and interim dividends for 2019 in the amount of RUB 283 billion, but also to consistently reduce its financial debt and trading obligations.

Their amount decreased 15.6%, or nearly RUB 907 billion.