Belaruskali’s Return On Equity Fell Sharply

The amount of income is much lower than it was last year.

All the dividends received by Belaruskali on the results of work in the 2 nd quarter of 2018 have been transferred to the budget. Their amount is much lower than last year, the website "Belarusians and the market" writes.

The general meeting of Belaruskali shareholders of on the results of its work in the second quarter of 2018 decided to send all the dividends accrued following the results of the second quarter to the republican budget. Their amount was 13 rubles 77 kopecks for each of 1,717,876 shares or a total of 23, 655 million rubles (11, 915 million dollars in equivalent).

The amount of dividends (if compared with the results of the previous year) is quite modest – about $ 12 million.

We remind that in 2017, the dividends of Belaruskali amounted to 401 rubles 09 kopecks per share or about 350 million dollars in equivalent. Then Belaruskali transferred to the budget its dividends for three quarters of 2017, which amounted to 265 rubles 91 kopecks per share or about 233 million dollars.

Belaruskali is the largest Belarusian enterprise producing potassium fertilizers. 100% of the shares of the enterprise belong to the state.