15 Aug 2013 09:36

Federal Freight Co pays RZD 9 bln rubles in dividends

MOSCOW. Aug 15 (Interfax) - OJSC Federal Freight Company (FFC, former Freight Two Company) paid Russian Railways (RZD) 9 billion rubles in 2012 dividends, RZD said in a quarterly report.

"Dividends for 2012 were 0.19410039983 rubles per share. The dividend payment period is the third quarter of 2013."

FFC charter capital consists of 46.37 billion common shares with par value of 1 ruble each. RZD wholly owns the company. Net profit in 2012 was 23.77 billion rubles.

FFC already paid RZD 5.37 billion rubles in dividends for January-September 2012.

"Federal Freight Company is Russia's second largest owner of freight cars. Freight Two was set up during rail transport reforms as a wholly owned subsidiary of RZD. FFC has over 168,670 rail cars.