10 June 2004 08:52
NOVOSHIP MAY PAY 3-KOPECK DIVIDENDS
MOSCOW. June 10 (Interfax) - Novorossiisk Shipping Company (Novoship), Russia's second biggest such fleet by
deadweight, may pay 3- kopeck dividends per common and preferred share if company shareholders so decide at their June 1
annual meeting.
Valery Palii, advisor to the company's president, told Interfax that the shareholders will address a number of
"usual questions" at the meeting. The list of board of directors candidates submitted by the government (a
Novoship stockholder) is missing the name of Vladimir Yakunin, current board chairman and first vice president at
Russian Railways, Palii noted.
Novoship's president Tagir Izmailov told Interfax earlier that company net profits from its shipping activities
came to more than $48 million in 2003, triple the figure for the year before that.
Izmailov said Novoship vessels ferried more than 10 million tonnes of cargo in 2003, mainly oil and oil products, a
10% increase on 2002.
Novoship's fleet has deadweight of over 3 million tonnes, most of the ships being tankers. The government owns
50.3% of the company's stock. Novoship's charter capital is 375,280,000 common and 125,280,000 preferred
shares with par value of one ruble.
[Interfax] |
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