Reso Garantia shareholders leave profit undistributed
MOSCOW. July 4 (Interfax) - The shareholders of Reso Garantia voted at their annual meeting on June 28 to not pay dividends for 2012 and to leave last year's net profit undistributed, the Russian insurance company said in a statement.
It was reported earlier that Reso Garantia posted a net profit of 5.033 billion rubles to International Financial Reporting Standards in 2012.
Shareholders also did not make any changes to the board of directors, which continues to have 11 members. Shareholders approved the company's annual report and financials for 2012 and elected an audit commission.
Marillion Audit Company was confirmed as auditor for the company's accounts for 2013.
Shareholders also approved a number of transactions between the company and affiliated parties.
