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Russia's Sberbank posts record profit in Q3, strengthening case for dividend boost

Published Wed, Nov 15, 2017 · 09:50 PM

Moscow

SBERBANK PJSC set a record for profit in the third quarter, strengthening the case for fatter dividends as Russia's biggest bank weighs changes to shareholder payouts.

Net income rose 62 per cent from a year earlier to 222 billion roubles (S$5 billion), compared with a 193 billion rouble average estimate of eight analysts surveyed by Bloomberg. The previous record was set in the second quarter. Sberbank is considering a plan to raise dividends to as much …

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Companies & Markets

Companies & Markets

Russia's Sberbank posts record profit in Q3, strengthening case for dividend boost

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

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