21 May 2004 08:44
NIZHNEKAMSKSHINA UPS DIVIDENDS TENFOLD IN 2003
KAZAN. May 21 (Interfax) - Nizhnekamskshina tire plant shareholders decided at their AGM to pay out 100%-dividends of
1 ruble for 2003 on preferred shares only, the company told Interfax.
Nizhnekamskshina paid 10 kopecks each on preferred shares only for 2002.
The company paid 1.969 million rubles in dividends in 2003.
The shareholders meeting also elected a 13-member board of
directors. It is made up of General Director of Tatneft Shafagat
Takhautdinov, deputy heads of Tatneft Viktor Gorodny, Vladimir
The shareholders meeting also approved the company's annual report.
Nizhnekamskshina sales were 10.26 billion rubles in 2003, 23.6% more than in 2002. Production costs rose 20.4% to
9.472 billion rubles. Sales profit was 563.2 million rubles against 209.7 million in 2002, or up 169%. Profit before tax
was 150.3 million rubles against losses before tax of 393.8 million rubles in 2002.
The company's net losses were 454.4 million rubles in 2003, against 449.7 million rubles in 2002.
Lavushchenko and Nail Maganov, General Director of Nizhnekamskshina Radik Ilyasov, Chief Engineer of Nizhnekamskshina
Alexander Neliubin, Deputy General Director of Tatneft and Director of Tatneft-Neftekhim Robert Khannanov, First Deputy
Director of Tatneft-Neftekhim Zagit Sharafeyev, First Deputy General Director of Tatneftekhiminvest Holding Ilgizar
Yakushev, Head of Tatneft's Financial Planning Department Rinat Nurutdinov, Tartarstan's Minister for Trade
and Foreign Economic Cooperation and the government's representative at Nizhnekamskshina Khafiz Salikhov, advisor
to Prime Minister of Tatarstan Rinat Sabirov and head of the Nizhnekamsk region and mayor of Nizhnekamsk Ilsur
Metshin.
The company's major shareholders are Tatneft-Neftekhim, a
subsidiary of Tatneft, which owns 59% of the charter capital in
Shafagat Takhautdinov was reelected as chairman of the board of directors.
The board of directors also approved Moscow's Energy Consulting as the auditor for 2004. This company audited
the company for 2003.
Nizhnekamskshina has charter capital of 65.7 million rubles, which is divided into 63.73 million common and 1.969
million preferred shares with a par value of 1 ruble.
Nizhnekamskshina, Tatneft-Bureniye has 7.03%, Tatinvest 6.56% and Tatarstan's Ministry of Land and Property owns
a golden share.
[Interfax] |
RUSSIA IN FACTS
