Polevskoy Cryolite Plant to Pass 2011 Dividend

The shareholders of Polevskoy Cryolite Plant decided to pass the dividend for 2011 because of the net loss incurred last year. The decision was made in the course of the annual general meeting, Interfax-Ural refers to the plant as reporting.

The plant’s net loss (calculated in accordance with the Russian Accounting Standards) came to 406.762m RUR in 2011. In fact, the plant paid no share dividend in 2010 as well – also due to losses.

The stockholders approved of the annual report, elected the Board of Directors and the check-up committee and appointed Capital Audit Group as the company’s auditor for 2012.


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