Sistema 3Q 20 results - Strong results and potential dividend hike
Sistema reported strong 3Q 20 results, mainly thanks to positive developments on the soft commodities markets, resulting both from demand recovery after a Covid-19-related trough in 2Q 20, as well as a better pricing environment supported by RUB weakness. Sistema also announced intentions to double dividends and modify their dividend policy in FY 21eSistema is a telecommunications and technology investment group based in Russia. Co. invests in, and manages a range of companies which operate in the telecommunications, oil and energy, high technology, banking and other sectors. The main focus of Co.'s activities is service-based industries. Co.'s operations are organized along four segments: Telecommunications, Technology and Industry, Consumer Assets and Oil and Energy. Through its subsidiaries, Co.'s activities include: wireless telecommunications services , IT and systems integration, cable TV, manufacturing of radiotechnical equipment, oil, gas and energy production, banking activities, trading and investing and financing activities.
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