Dividends

One of Etalon Group’s key priorities is to distribute the profits from its development projects among shareholders. Since 2013, the Company has gradually raised the target level of its dividend payments from 15–30% to 40%–70% of IFRS net prof­it, as approved by the Board of Directors in May 2017.

In September 2021, following a recovery in profitability, the Board of Directors updated the Company’s dividend policy. The Company will now aim to pay out dividends in the range of 40%–70% of pre-PPA IFRS net profit. Payments will be made once a year after the publication of Etalon Group’s IFRS annual financial statements. In order to increase transparency, the Board of Directors will provide its recommendation on dividends no later than 31 May following the reporting period and payments will be made no later than 31 December in the same year.