The price of the shares of “Aeroflot” has reached 100 RUB for the first time since may 2008

The aircraft company “Aeroflot”

The value of the shares of “Aeroflot” in the course of trading on the Moscow exchange on Tuesday, August 30, rose to 100 rubles per share for the first time since may 2008, according to the auction. According to 11.30 Moscow time, the paper company was worth 99,68 RUB that rose by 5.82% to the price at the beginning of trading. Capitalisation “Aeroflot” at this time amounted to 110,6 billion.

Shares of airline grow on the back of strong data according to IFRS group for the first half. On Monday, Aeroflot grew by 2.5 billion rubles. net profit against a net loss of 3.5 billion rubles in the same period last year.

In the second half of 2016, Aeroflot plans to receive net profit at the level of the first half or more, said Monday the Treasurer of the company Shamil Kurmashov. He noted that if the positive trend continues, at year-end the company will pay dividends. According to Kurmashov, payments to shareholders will amount to at least 25% of the net profit of the group under IFRS. Thus “Aeroflot” can direct on dividends and a large amount, “if there was a special decision of the government,” Kurmashov said during the conference call.

The last time Aeroflot was paying dividends by the end of 2013. Then they amounted to 2.77 billion rubles In 2014-2015, the carrier stopped payment of damages.