Aeroflot will allocate RUB2.77 billion ($82 million)—25% of the company’s net profit—to dividends for 2013.
The group announced at its AGM that the company will pay RUB2.4984 ($0.074) per share. The dividend per share is 2.1 times higher than the dividends paid for 2012—RUB1.1636 per share.
The carrier reported a 2013 full-year net income of RUB7.334 billion, up 41.9% year-over-year, according to International Financial Reporting Standards. Revenue rose 15% to RUB290.95 billion. The results were driven primarily by an 18% increase in passenger revenue.
The company said in a statement that its key short- and mid-term objectives are integrating subsidiary airlines into the group using a multi-brand platform as well as increasing passenger turnover and revenue of group carriers. In addition, Aeroflot plans to transfer all group assets under a single commercial system and unified commercial policies.
The group includes Saint Petersburg-based Rossiya Airlines, Orenburg-based OrenAir, Rostov-on-Don-based Aeroflot Don, Russian Far East-based Aurora and low-cost carrier Dobrolet, which launched in June.