Dixy Group is not planning on paying out dividends in the next few years but will instead spend its profit on development, Interfax reported Friday, citing the group's president, Ilya Yakubson.
"The main theme will be development over the next few years," he said, adding that dividend payouts could theoretically be expected for 2014. "In practice, everything will depend on the growth rates we sustain," Yakubson said.
"Russia is a fast-growing market, one of the few left in the world. Our shareholders and our board of directors believe that we need to take advantage of these opportunities," Yakubson said.
(MT)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
