28 May 2018 11:51

Kemerovo-based Koks not planning to pay dividends for 2017, despite profits

KEMEROVO. May 28 (Interfax) - The board of directors of Kemerovo-based coal miner and Industrial Metallurgical Holding (IMH) subsidiary, PJSC Koks , has recommended shareholders waive dividends for 2017 at the annual shareholders meeting, the company said in materials.

The company is proposing leaving net profit for last year undistributed.

Koks posted a 7.9 billion ruble net profit to Russian Accounting Standards (RAS) in 2017, a 2.3-fold increase compared to 2016.

The annual shareholders meeting will be held on June 29 and the record date for participation is June 5.