The Cabinet of Ministers raised the rate of allocation of dividends for Ukrhydroenergo by 20%

The Cabinet of Ministers of Ukraine has increased the rate of payment of dividends for PJSC Ukrhydroenergo from 30 to 50%, the press service reports.

The corresponding resolution "On approval of the basic standard for the deduction of a part of profits for the payment of dividends based on the results of financial and economic activities in 2020 of business entities the authorized capital of which includes the corporate rights of the state" was adopted at a government meeting.

"To approve the basic standard for the deduction of a part of the profit directed to the payment of dividends based on the results of financial and economic activities in 2020 of business entities the authorized capital of which includes the corporate rights of the state, as well as business entities, 50 and more percent of shares (stakes) of which are owned by business entities, the share of the state in which is 100 percent, including subsidiaries, in the amount of 50 percent,” as stated in the text of the resolution.

The company notes that the amount of dividends for 2020 will be UAH 2.068.479 thousand.

To recap, Ukrhydroenergo's net profit amounted to more than UAH 4 billion in 2020.

Tags: The Cabinet of Ministers, tariffs, legislation, electricity market, Ukrhydroenergo, taxes, income, price, power system, supplier

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