Aeroflot May Up 2011 Dividends 66%

Russia’s flagship air carrier Aeroflot may increase its 2011 dividends by 66 percent from 2010, to 1.8081 rubles per share, the company said on Tuesday.

The total volume of dividends may amount to 2 billion rubles, which is 20 percent of the company’s 2011 RAS net profit.

Aeroflot’s dividend payments in 2010 were 10 percent of its net profit of 1.2 billion rubles.

The company saw its 2011 IFRS net profit double year on year to $491 million. The growth resulted from the increased volume of operations, the sale of stakes in subsidiaries and the swapping of 52.8 percent of shares in Terminal OJSC for the shares of Moscow Airport Sheremetyevo (MASH).


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