Earnings Report /
Russia

Beluga Group: 1H21 IFRS results and interim dividends – NEUTRAL-to-POSITIVE

  • BELUGA GROUP (BELU RX: O/W; TP RUB4,999) reported its 1H21 IFRS financials

  • 1H21 net revenue came at RUB30.8bn, 20% higher y/y, 1% above our estimate

  • The BoD recommended dividends of RUB72.76/share, suggesting dividend yield of 2.1%

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
18 August 2021
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