JSC Tuapse commercial sea port (TMTP) has paid 99.92% of the 2013 dividends transferring RUB 611.927 million to its shareholders, the company informed.
It will be recalled that at their annual general meeting on June 26 TMTP shareholders made a decision to earmark RUB 612.445 million for the 2013 dividends (RUB 0.07 per share of common stock).
The reason for the incomplete payment of dividends is the failure of some shareholders to provide information on their changed banking details or full postal addresses.
JSC Tuapse commercial sea port (TMTP, tax number: 2322001997) is the principal operator of the Tuapse seaport, one of the largest ports in Russia. TMTP's major shareholder UCL Port, a structural unit of international transport group Universal Cargo Logistics Holding (UCL Holding), controls a number of stevedoring assets in the south and northwest of Russia. TMTP's fleet of handling facilities consists of 28 harbor cranes ranging in the ligting capacity from 10 to 63 tonnes, along with 65 lift trucks and bulldozers.
In 2014, TMTP increased its cargo turnover by 11% year-on-year to 6.7 million tonnes.
IFRS net profit of TMTP for 2012 grew by 30.8% to RUB 701.741 million from RUB 536.267 million the year before. Revenue increased by 0.1% to RUB 2.981 billion. Profit from operations decreased by 2.7% year-on-year to RUB 1.004 billion.
According to the DataCapital information retrieval system, RAS net profit of TMTP for 2013 dropped 2.68 times to RUB 328.348 million from RUB 879.833 million the year before. Revenue decreased by 17.77% to RUB 2.302 billion from RUB 2.799 billion, sales profit by 45.14% to RUB 644.653 million from RUB 1.175 billion, pre-tax profit 2.66-fold to RUB 429.46 million from RUB 1.141 billion.