26 May 2010 17:40

OGK-3 genco could waive dividends

MOSCOW. May 26 (Interfax) - Directors at the OGK-3 wholesale generating company, which is controlled by MMC Norilsk Nickel , are recommending that shareholders vote to waive dividends at their June 24 AGM, the company says in materials.

OGK-3 did not pay dividends for 2008 either.

Net profit to Russian Accounting Standards (RAS) plummeted 41.2% in 2009 to 4.3 billion rubles.