Uralvagonzavod to pass dividend

22 July 2009 (09:40)

Uralvagonzavod Scientific Production Corporation is not going to pay the share dividend for 2008. The decision to this extent was taken by the enterprise’s shareholders.

The stockholders explain that the absence of dividends has to do with the business’s numerous losses. According to Uralvagonzavod’s annual report, the company’s net loss exceeded 6.11 billion RUR in 2008.

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