Primorsk Shipping Co to waive dividends for 2010
VLADIVOSTOK. May 30 (Interfax) - The shareholders in OJSC Primorsk Shipping Company (PMP) , part of the corporation Prisco, voted at their annual meeting on May 27 to waive dividends for last year due to losses instead of profits, the shipping company told Interfax.
As reported, the company made 61.368 million rubles in net losses in 2010 versus the 99.339 million rubles in net profits it made the year before.
Dividends were not paid for 2009, as the company decided to put earned profits into development.
Primorsk Shipping Company is a specialized tanker company that hauls liquid cargoes.
Its charter capital is 796.392 million rules divided into ordinary shares numbering a like number of shares with par vales of a single ruble. CJSC ING Bank (Eurasia) is the nominal holder of 57.85% of the shipping company's stock and CJSC Depository Clearing Company the nominal holder of 13.46%. Apington Investments Ltd (British Virgin Islands) has another 19.92%.
Company management, including chairman of its board of directors Alexander Kirilichev, controls another roughly 75% of the shipping company.