The annual meeting of shareholders in the LUKoil-Nizhegorodnefteprodukt company made a decision to pay dividends of RUR1.27 per one preference share with the face value of RUR1. According to Galina Dedyukina, the company's chief accountant, RUR5.85m (about $186,800) will be allocated for that purpose. The rest of the profit will be allocated to the savings fund.
In accordance with the annual report, approved by shareholders, the balance-sheet profit of the company reached RUR153.86m ($4.91m) in 2001 (124.3% of the 2000 level). The net profit amounted to RUR58.21m ($1.86m), making up 80.8% of the 2000 level.
The revenues to LUKoil-Nizhegorodnefteprodukt from selling products and services reached RUR1.91bn ($61m) in 2001 (98.5% of the 2001 level). The amount of debit indebtedness reached RUR37.45m ($1.2m), and the credit indebtedness amounted to RUR205.45m ($6.56m).
LUKoil-Nizhegorodnefteprodukt General Director Anatoly Lenev pointed out that the company invested RUR98m ($3.13m) in modernization of its oil depots in 2001 (a 268% increase compared to the corresponding figure for 2000). In total, 14 gasoline stations were reconstructed. In 2002 the company plans to reconstruct 27 gasoline stations (of which 6 have already been reconstructed). About RUR300m ($9.58m) will be allocated for that purpose.
Presidential candidate Ksenia Sobchak, who was accredited for the press conference by Vladimir Putin from Dozhd (Rain) television channel, asked Putin about competition at the coming election
On December 14, President Putin holds his annual Q&A session with Russian and foreign journalists. This conference is considered to be the beginning of his presidential campaign