17 June 2004 00:07
RITEK boosts dividends 83%
MOSCOW. June 17 (Interfax)- Shareholders of the Russian Innovation Fuel and Energy Company (RITEK) voted at their AGM
Thursday to pay 2003 dividends at 1.28 rubles per share, up 83% on the previous year, an Interfax correspondent
reported.
The company will spend 10% of net profit on dividends, which will be paid from August 10 to December 31 2004.
Shareholders decided that 85% of net profit will go into investment. Net profit was 1.26 billion rubles in 2003, up 73%.
Revenue grew 56% to 7.5 billion rubles and pretax profit was 1.68 billion rubles.
Oil major Lukoil owns about 60% of RITEK. Companies within RITEK produced 2.94 million tonnes of oil in 2003. [RU
ASIA EUROPE EEU EMRG ENR ELG DIV CORA] me
[Interfax] |
RUSSIA IN FACTS
