Inter RAO shares down 4.5% on Moscow Exchange

TASS Russian News Agency | Sep 30, 2020 at 1:16 PM

MOSCOW, September 30. /TASS/. Shares of Inter RAO dropped by 4.5% compared with the previous closing on Moscow Exchange on Wednesday to 5.5295 rubles per share, according to the trading data as of 1:29 pm Moscow time.

As of 1:35 pm, Inter RAO shares narrowed losses to 3.75% trading at 5.573 rubles per share.

According to the strategy through 2023 presented on Wednesday, the company plans to keep its current dividend policy and allocate 25% of net profit under International Financial Reporting Standards (IFRS) for dividend. Meanwhile the group's investments are expected to reach 1 trillion rubles ($12.7 bln) by 2030. Inter RO also expects a 2.5-fold increase in net profit, as well as EBIDTA to rise to over 320 bln rubles ($4 bln).