Dividends on VSMPO shares increased 5 times

04.07.2012 — News

SVERDLOVSK REGION.

Based on the performance of 2011, the shareholders of the VSMPO-AVISMA Corporation, OJSC, will receive dividends in the amount of 26.52 rubles per share. The face value of each share is equal to 1 ruble. It exceeds the amount of the previous year by 5.2 times. The total amount of the dividends will be 305.7 million rubles.

The above resolution on the dividends based on the performance of 2011 was adopted by the participants of the General Meeting of the Corporation's Shareholders on June 29, 2012.

The Corporation's press-service has informed RusBusinessNews that last year was successful for VSMPO. The volume of orders from Boeing, Airbus and other foreign manufacturers increased. The revenue received from sales of titanium products went up by 24%, reaching 26.48 billion rubles. The net profit computed by the Russian Accounting Standards totaled 3.113 billion rubles.

The corporation's shareholders decided to allocate more than 2 billion rubles for financing of capital investment in 2012. The expenses on the social sector will amount to 795.8 million rubles. 550 thousand rubles will be earmarked for payment of remuneration to the members of the Board of Directors and the Audit Commission.