24 Nov 2011 13:51

Acron to pay almost all 9M earnings to shareholders

MOSCOW. Nov 24 (Interfax) - Acron will use almost all of its net profit to January-September 2011 to pay dividends for the period.

The fertilizer producer said in a statement that its shareholders had accepted a dividend of 129 rubles per share or 6.152 billion rubles in total.

This is almost all net profit for the parent company OJSC Acron and nearly 60% of the Acron holding's net profit to International Financial Reporting Standards (IFRS), which was 10.412 billion rubles.