28 Jun 2010 14:38

VSMPO-Avisma to pay 1.5 rubles a share for 2009

MOSCOW. June 28 (Interfax) - Shareholders in titanium producer VSMPO-Avisma accepted a dividend of 1.5 rubles per share for 2009 at their AGM, the titanium producer's chief, Mikhail Voyevodin, told reporters.

It was earlier reported that the corporation paid 23.14 rubles per share (at a face value of one ruble) for 2008's results. Therefore, the payment for 2009 will be a decrease of 93%. VSMPO-Avisma's net profit decreased by 93% to 175 million rubles.

In addition, the shareholders reelected the board of directors and audit commission, as well an approved the financial results for 2009.

The company's charter capital comes to 11,529,538 rubles dividends into common shares at a face value of one ruble. The main shareholder in the company is Russian Technologies with 66%.

VSMPO-Avisma is Russia's monopoly for the production of titanium.