31 Aug 2010 12:00

Baltika to pay 42 rubles per share on H1 dividends

ST. PETERSBURG. Aug 31 (Interfax) - Baltika Brewing Company will pay dividends for the first half of 2010 at 42 rubles per common and preferred share at a face value of one ruble each, the brewer said in a statement.

The statement said that the shareholders in Baltika had voted to pay interim dividends at an extraordinary meeting held on August 26.

The total payment on common shares comes to 6,372,012,948 rubles and preferred shares - 517,715,094 rubles.

Baltika's last interim dividend payment was made in 2001.

The company said in that it had reduced net profit according to Russian accounting standards (RAS) by 21% year-on-year to 8.652 billion rubles in January-June 2010. The company's sales revenue decreased by 36.709 billion rubles in the period.

Baltika's charter capital comes to 164,041,164 rubles dividends into 151,714,594 common shares and 12,316,057 preferred shares at a face value of one ruble each.

Baltika has eleven breweries in nine Russian regions, as well as one in Azerbaijan. The company's main beneficiary, with 85.6% of shares, is Baltic Beverages Holding.