Vladivostok-Avia skips dividends and BOD bonuses

24 June 2010 (11:00)

As the company had 513.87 million RUR worth of accumulated loss last year, Vladivostok Avia thought it best not to pay any share dividend for the year 2009. The decision to this extent was taken at the annual general meeting in Artem.

The stockholders also agreed to direct 39.11 million RUR worth of net profits to compensating the earlier years’ losses.

Finally, it was decided that no bonuses would be paid to the BOD members for their performance.

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