00:14 GMT02 April 2020
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    Russia's MICEX Group raises 2005 dividends by 48% y-o-y

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    MOSCOW, May 18 (RIA Novosti) - MICEX Group said Thursday that at a shareholders' meeting, dividend payouts for 2005 had been approved to a total of 73.165 mln rubles ($2.71 mln), 48% higher than the previous year.

    MICEX president Alexander Potemkin said 656.69 rubles ($24.36) would be paid out per share of par value 3,000 rubles ($111).

    Potyomkin said MICEX net profits calculated according to Russian Accounting Standards (RAS) were 731.652 mln rubles ($27.14 mln) in 2005, representing 43% year-on-year growth.

    Founded in the early 1990s in the course of post-Soviet market reforms, the MICEX Group is comprised of MICEX, the MICEX Stock Exchange, the National Mercantile Exchange, the MICEX Settlement House, the National Depositary Center, the National Clearing Center, and regional exchanges.

    By total value of trading in 2005 ($925 bln), MICEX is the largest exchange in Russia, the CIS and Eastern Europe.

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