REFILE-UPDATE 2-Vimpelcom eyes extra dividends, profit beats forecast

Wed Mar 6, 2013 10:50am EST
 
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* To decide on special and final 2012 dividend in Q2

* Q4 net profit at $801 mln vs $452 mln forecast

* Boosted by Euroset stake revaluation

* EBITDA up 10 pct at $2.45 bln, in line with forecast

MOSCOW, March 6 (Reuters) - Telecoms group Vimpelcom said it may pay a special dividend related to a recent stake increase by Russian shareholder Altimo as it reported forecast-beating earnings for the fourth quarter.

Altimo, part of Russian tycoon Mikhail Fridman's Alfa-Group, said in December it would convert its preferred shares in Vimpelcom into common shares in a move that will raise its economic interest in the group.

Vimpelcom, which will net $1.4 billion for the conversion, may pay an extraordinary dividend in the second quarter, it said on Wednesday, together with the final 2012 dividend.

It will also announce a revised dividend policy which currently implies the payout of at least $0.80 per share a year through 2014. It paid $0.45 per share in interim 2012 dividends in January.   Continued...