Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Dixy Nixes Dividends

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)

Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.