Pravda.ru

News » Economics

SUAL aluminum company decides to pay no dividends despite large profit

07.06.2002 | Source:

Pravda.Ru

 

Shareholders of SUAL (Siberian-Ural Aluminum company) made a decision to pay no dividends for 2001, despite the net profit of 349.3m rubles (about $11.13m), the company's press service reported. The source explained that SUAL was making significant investments last year. The total volume of investments reached 2.36bn rubles (about $75m), or almost 62 percent more than in 2000.

According to the annual report, approved by shareholders, the company's sales proceeds increased more than 830m rubles ($26.44m), or 4 percent, last year compared to 2000 and reached 20.63bn rubles ($657m).

In addition, SUAL shareholders approved the amended articles of association, regulations on the general shareholder meeting, the board of directors and the revision commission. Yunikon/MS Consulting group was appointed the auditor of SUAL.

Visit to

&to=http://www.dcc.ru/dcc/eng/docs/Sual101299.htm' target=_blank>DCC

 

Popular photos

Most popular

Soviet Su-27 fighter aircraft crashes mysteriously near Area 51 in Nevada
Soviet Su-27 fighter aircraft crashes mysteriously near Area 51 in Nevada
The incident occurred on September 5, but no details were reported. According to the official press release from USAF Nellis base in Nevada, pilot Eric Schultz was killed
China suddenly builds sixth-generation fighter jet with Russia's help
China suddenly builds sixth-generation fighter jet with Russia's help
Chinese publication reported that China was working on the creation of a multifunctional fighter aircraft of the 6th generation. It was said that China achieved significant progress in the field with...
Рейтинг@Mail.ru Rambler_s_Top100_Service