OJSC Severstal paid 99.27% of the dividends declared for H1 2012 transferring RUB 1.264 billion to its shareholders, the company informed.
The reason for the incomplete payout is that some of the shareholders' banking details were incorrect, incomplete or outdated.
It will be recalled that the company allocated RUB 1.273 billion for the dividend payout.
Severstal (tax number: 3528000597) is an international mining and metallurgical company focusing on high value added products. The company has considerable experience of acquisition and integration of assets in North America and Europe. It also possesses mining enterprises in Russia providing the company's production assets with raw materials. In 2010, the company's revenue was $13,573 million, EBITDA reached $3,263 million, the steel output was 14.7 million tonnes. Severstal also produced 589 thousand ounces of gold at its gold mining assets in Western Africa, Kazakhstan and Russia. The company's shares are listed on the Russian Stock Exchanges RTS and MICEX, its GDRs are listed on the LSE.
Net profit (IFRS) of OJSC Severstal for 9 months 2012 decreased by 40% to $912 million from $1.572 billion the year before. Revenue decreased by 9.1% to $10.988 billion from $7.566 billion from $12.085 billion, EBITDA by 37.1% to $1.772 billion from $2.817 billion. EBITDA margin decreased to 16.1% from 23.3%.
Net profit (RAS) of OJSC Severstal for January-September 2012 decreased by 39.74% to RUB 9.012 billion from RUB 14.955 billion for 9 months 2011. Revenue fell by 10.62% to RUB 172.133 billion from RUB 192.577 billion, sales profit by 44.48% to RUB 13.323 billion from RUB 23.995 billion, pre-tax profit by 21.29% to RUB 11.151 billion from RUB 14.168 billion.
"AK&M", 28.12.2012 15:04