Orenburg "Neftemaslozavod" is going to direct 90 % of profits for 2007 for the development
Orenburg. April, 29. INTERFAX-VOLGA REGION - According to the Company’s report, at the annual meeting, on April 18, the shareholders of OAO "Neftemaslozavod" made a decision to direct 90 % of net profit for 2007 in amount of 177 mln 328,86 thous. Rubles for the development .
A part of net profit in amount of 19 mln 703,38 thous. Rubles was left undivided, because the shareholders didn't make decision on the payment of dividends on preferred stocks for 2007. It was decided not to pay out dividends on ordinary shares.
Earlier on the Board of Directors of the Company recommended to the shareholders to make a decision on the payment of 1,091 thous Rubles 60 kopecs on the preferred stock with par value of 1 Ruble. It is reported, that 100% of all participants of the meeting abstained on the matter.More news
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