6 Jul 2015 11:14

TGK-2 to not pay dividends for 2014 due to losses

YAROSLAVL. July 6 (Interfax) - The shareholders of OJSC TGK-2 decided to not pay dividends for 2014 at an annual meeting on June 30 due to the lack of net profit, the company said in a statement.

TGK-2 posted net losses of 1.875 billion rubles in 2014 against net profit of 68.3 million rubles a year earlier.

Dividends were also not paid for 2013.