Transcription of The Board of Raven Russia releases the results for …
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The Board of Raven Russia releases the results for …
12 March 2018 Raven Russia Limited (" Raven Russia " or the "Company") results for the year ended 31 December 2017 The Board of Raven Russia releases the results for the year ended 31 December 2017. Highlights IFRS profit after tax $ million (2016: profit of $ million); Underlying earnings after tax of $ million (2016: $ million); Basic underlying earnings per share cents (2016: cents); IFRS basic earnings per share cents (2016: cents); Year end cash balance of $ million (2016: $ million); Diluted net asset value per share 80 cents (2016: 71 cents); Completed $209 million of acquisitions in the year; and A 50% increase in distributions to 3p (2016: 2p) by way of tender offer buy back of 1 in 17 shares at 52p. CEO Glyn Hirsch said We are delighted with the overall results for 2017.
As Russian Central Bank rates continue to reduce, the plan for the next stage of adapting our business model is to move banking facilities to a Rouble/currency mix.
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