27 May 2004 08:42
LENENERGO TO LOWER 2003 DIVIDENDS
ST. PETERSBURG. May 27 (Interfax) - Lenenergo shareholders voted at their AGM Thursday to pay 2003 dividends at
0.13657 rubles per common and 0.167 per preferred share, down by about 87% and 84%, respectively, from 2002, an Interfax
correspondent reported from the meeting.
Lenenergo paid 2002 dividends of 1.055 rubles per common and preferred share and spent a total of 946.72 million
rubles.
ZAO Moor Stephens was selected to audit the company.
Net profit to Russian accounting standards slumped 82.87% in 2003
The power company will spend 126.55 million rubles in dividends for 2003.
Shareholders elected an 11-member board, including UES deputy chairmen Mikhail Abyzov, Vladimir Platonov and
Vyacheslav Sinyugin, UES Corporate Policy Department Chief Andrei Gabov, Chinavest Advisor David Mathew, Lenenergo
General Director Andrei Likhachev, Fortum President Mikael Lilius, Fortum Managing Director Tapio Kuula, St. Petersburg
Governor Valentina Matvienko, Leningrad Regional Governor Valery Serdyukov, and Professional Directors Institute Fund
director Dmitry Shtykov.
to 219.3 million rubles. Sales revenue rose 18.26% to 26.62 billion rubles.
Lenenergo has charter capital of 897.36 million rubles, split into 766.03 million common and 131.33 million preferred
shares with par value of 1 ruble.
The company's biggest shareholder is Unified Energy System of Russia with 49%. Foreign investors own about 40%,
including Fortum of Finland with 21%.
[Interfax] |
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