15 June 2004 23:41
Dalsvyaz ups 2003 dividends
VLADIVOSTOK. June 15 (Interfax) - Shareholders of Russian telecoms company Dalsvyaz voted at their AGM on Tuesday to
pay 2003 dividends of 0.4 per common and 0.73 rubles per preferred share.
Dividends for 2002 were paid at 0.31 rubles per common and 0.58 rubles per preferred share. Shares have par value of
20 rubles.
Ernst & Young Vneshaudit was elected to audit the company in 2004.
each, Livart Investments Corp. owns 2.54%, Hagstroemer & Qviberg
FondKommission AB holds 1.9%, JP Morgan Chase Bank - 1.88%, Fenway
Dalsvyaz increased net profit to Russian accounting standards 64% in 2003 to 232.04 million rubles. Earnings before
interest, taxes, depreciation and amortization (EBITDA) grew 22% to 761.38 million rubles.
Sales profit rose 5% to 981.29 million rubles and pretax profit grew 10.4% to 379.55 million rubles.
The company's main shareholder is Svyazinvest with 38.1% of charter capital. Red Hand Investments Limited and
Stotter Limited own 4.93%
Services Limited - 1.78% and RCL Investments Inc. - 1.62%. [RU ASIA EUROPE EEU EMRG RES CORA TEL DIV] me
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