Shareholders of MMK, one of Russia’s largest steel producers, voted to secrete dividends for 2011 during their annual assembly on Friday as a outcome of a company’s 2011 results, MMK said.
The association paid 3.69 billion rubles ($120 million) in dividends in 2010, or 0.33 rubles per typical share.
That was down from a steel maker’s 4.13 billion ruble payout (0.37 rubles per typical share) in 2009. MMK’s house of directors motionless to suggest self-denial a division after a association posted a net detriment of $125 million in 2011 underneath IFRS, down from a distinction of $232 million a year before.
MMK’s batch collateral amounts to 11.174 billion rubles in 11.174 billion typical shares with a favoured value of 1 ruble.
The categorical customer of a shares is a firm’s CEO Viktor Rashnikov. In 2011 MMK constructed 12.2 million tons of steel, adult 7 percent on a prior year.