Russia: Evraz plans no changes to dividend policy

U.K.-based mining giant Evraz, which operates mainly in Russia, has no plans to change its dividend policy, Vice President for Finance Nikolai Ivanov said during the company’s investor day. “We are not considering any changes to our dividend policy as of today,” he said. Under the company’s dividend policy, it pays at least $300 million…

Russia: Evraz net profit down in H1 2019

In January-June Evraz received $344 million of net profit, down by 70% YoY. Revenue dropped by 3.2%, to $6.14 billion, and EBITDA – by 22.2%, to $1.482 billion. The decrease is due to the lower prices of vanadium, coal and steel products. At the same time the company has increased its money flow – from…