off-the-wire

Russia's Nornickel board recommends no dividend - company

Kitco Media
By Reuters
Published:
Updated:
Reuters



*


This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine


MOSCOW, April 28 (Reuters) - The board of Russian mining group Norilsk Nickel has recommended not paying dividends on its 2022 results, citing the negative impact of geopolitics, but could pay interim dividends, the company said on Friday.


Increased geopolitical risks have negatively affected the company's financial results and created new challenges for its operational and sales activities, as well as for the successful implementation of strategic projects, Nornickel said.
(Reporting by Anastasia Lyrchikova; Writing by Alexander Marrow; Editing by Mark Trevelyan)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.