19 May 2004 07:46
MACHINE PLANT ARSENAL COULD QUINTUPLE DIVIDENDS
ST. PETERSBURG. May 19 (Interfax) - The board of directors at St. Petersburg-based machine-building plant Arsenal is
recommending that company shareholders endorse dividends for 2003 of 10 rubles when they gather for their annual meeting
on May 22, company source told Interfax.
Company net profits increased 23% in 2003 to 34.384 million rubles. Dividends paid for 2002 were 2 rubles.
Indicator 2003 2002
Sales revenue 1 280 664 1 431 244
Cost of producct sold 932 445 1 138 868
Sales profit 171 275 113 692
Pretax product 58 517 33 161
Current profit tax 17 694 -
Net profit 34 384 27 943
The company's accounts payable increased from 503.423 million
One spokesman said the meeting agenda holds the standard items. The board recommends that the shareholders again
confirm St. Petersburg company Intersistemaudit as auditor for 2004. Main financial indicators for 2003 (1,000
rubles)
rubles on January 1, 2003, to 549.175 million rubles on the same date in 2004, accounts receivable from 289.316
million to 931.802 million rubles.
Arcenal is one of Russia's largest producers of space technology. Its charter capital is 1,501,162 rubles split
into the same number orf common shares with par value of one ruble. Its main shareholders are private investors, Arsenal
mechanical plant (14.48%), the Russian Property Relations Ministry (7.89%) and the state, which holds the 'golden
share.'
[Interfax] |
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