24 Feb 2014 13:26

TogliattiAzot directors recommend no dividends be paid for 2013

MOSCOW. Feb 24 (Interfax) - The board of directors at TolgliattiAzot, one of the world's biggest ammonia producers, has recommended against paying dividends for 2013, a company statement says.

TogliattiAzot's AGM is scheduled for March 23 and registration ended February 15.

The company paid out interim dividends for the second quarter of last year totaling 485.577 million rubles and for the first - 499.900 million rubles.

TogliattiAzot increased its net profits to Russian Accounting Standards (RAS) 1.5% last year to 9.258 billion rubles.