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Baltic Coast postpones consideration of 2013 dividend payment

Baltic Coast (CJSC) has postponed the consideration of dividends based on the company's performance in 2013 for 180 days, the company informed.

This decision was made by the company's sole shareholder on June 30. Also, the shareholder elected the Board of Directors including: Mikhail Bobrov, Sergey Zaltsman, Alexander Karasev, Konstantin Petrov, Kari Tolvanen. Besides, CJSC Audit Firm CONSULT was approved as the auditor of Baltic Coast's RAS reports, sole proprietor Sergey Moderov as the auditor of IFRS reports.

Baltic Coast (CJSC) (tax number: 7826059025) was founded on October 27, 2000 for the production and sales of fish products. All its voting shares belong to LLC Elkamo Trade and Invest Limited.

According to the DataCapital information retrieval system, RAS net profit of Baltic Coast (CJSC) for Q1 2014 grew by 9% to RUB 71.155 million from RUB 65.396 million. Revenue increased by 10% to RUB 2.014 billion from RUB 1.836 billion, GP by 30% to RUB 334.423 million from RUB 257.123 million, pre-tax profit by 4% to RUB 85.838 million from RUB 82.562 million.

IFRS net profit of Baltic Coast (CJSC) for 2013 decreased by 44% to RUB 159.759 million from RUB 290.111 million the year before. Revenue increased by 31% to RUB 6.574 billion from RUB 5.012 billion, GP decreased by 11% to RUB 1.105 billion from RUB 1.25 billion.

"AK&M", 11.08.2014


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