KULZ makes 223m RUR of net profit

6 July 2015 (18:18)

UrBC, Yekaterinburg, July 6, 2015. The net profit Kamensk Uralsky Foundry Plant/KULZ (a member enterprise of Uralvagonzavod Corporation) made in 2014 amounted to over 223m RUR, the corporation’s press service reports.

It was decided in the course of the annual shareholder meeting that most of the money (190m RUR) would be directed to retooling and upgrading of the plant’s production facilities. Dividends will be paid out to preference shareholders.

‘The shareholders also elected the Board of Directors (the plant’s Director-General Anatoly Barabanov being one of the BOD members) and the auditing committee (which includes the company’s Head of Economics Department Alexander Merkuryev). Yekaterinburg-based OrgPromAudit will serve as the plant’s auditor for the year,’ the press service says.

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