Shareholders Volzhsky abrasive works gathered June 25 at the annual meeting, it was decided to pay dividends for last year in a larger size. So, according to this decision, for the payment to allocate 50% of net profit - 304 ruble per ordinary share and by 63 per share preferred stock, par value which is $ 5 each.
Recall that in 2013 Volzhsky abrasive works directed on payment of dividends for 51% of net profit. Dividends for 2014 will be paid in $ 177.9 million rubles from 355,5 million rubles revenues, increasing them in comparison with 2013 year by 8.8%. The remaining part of net profit of the shareholders of the company today decided to leave not distributed.