Development Corporation’s Profit Exceeds 200m RUR in 2012

28 March 2013 (09:47)

March 28, 2013. Development Corporation’s Profit came to more than 200m RUR in 2012. This year, the company’s plans are even more ambitious, the corporation’s press officer reports.

Development Corporation first made a profit of 188m RUR in 2011; the money (in the form of dividends) was directed to the budgets of the stockholders, the federal constituencies within the district, the officer explains.

‘The Corporation is a joint-stock company, which means its main task, according to the Joint Stock Companies Act, is making profit; given, however, the fact that the corporation’s stockholders are actually five Russian Federation constituencies, that is, the corporation is de facto a state-run company, its social corporate responsibility is at the heart of all its activity. This is taken into account when railroads are designed, this is considered when energy sector projects are developed, and this is thought of in any other field,’ says Assistant to Plenipotentiary Representative of Russian Federation President in Ural Federal District, Chairman of Development Corporation Supervisory Board Boris Kirillov.

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