The VSMPO-AVISMA shareholders will receive interim dividends

20.08.2015 — News

SVERDLOVSK REGION

The VSMPO-AVISMA Corporation intends to pay interim dividends: 788 rubles per share of common stock.

On September 28, 2015 the agenda item will be discussed at the extraordinary meeting of shareholders held in the form of absentee voting, as RusBusinessNews has been informed by the Press Service of the Corporation.

The proposal on payment of interim dividends was brought forward due to the Corporation’s performance over the period from January to June 2015. The revenue of the Corporation reached 32 billion rubles. The net profit went up to 9.18 billion rubles, having exceeded the net profit earned over 2014 by 5 billion rubles. 

As of today, the Corporation’s order portfolio for 2015 shows the target output of 28.8 thousand tons of titanium. By the end of the year the Corporation expects to reach the performance figures that will be record high over the last 10 years. The sales revenue is expected to total 67 billion rubles, while the net profit may reach 20 billion rubles.