UC RUSAL’s Polevskoy Cryolite Plant to Pass Dividend for 2011

30 May 2012 (09:27)

Polevskoy Cryolite Plant’s BOD suggested that the shareholders vote for passing the dividend for 2011 in the course of the annual general meeting. This recommendation was brought about by the fact that the company had made some losses in the previous year, the plant reports.

The enterprise’s net loss (calculated in accordance with the Russian Accounting Standards) came to 406.76m RUR in 2011.

In fact, the plant did not pay any dividend for 2010 due to net loss either, Interfax-Ural observes.

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