JSC Tulamashzavod has completely paid the 2013 dividends, transferring RUB 12.652 million to its shareholders, the company informed.
It will be recalled that the company distributed dividends in the amount of RUB 0.016 per preferred share. No dividends on common shares were paid.
JSC Tulamashzavod is one of the largest enterprises of Russia's military-industrial complex which produces arms for land forces and the Navy. One of Tulamashzavod's core activities is the output of artillery defense systems for various types of vessels: 30-mm gun mounts AK-306, AK-630M and the unique missile-gun CIWS Kashtan. Also, small-caliber artillery systems are among the most demanded arms being mounted on surface ships of all classes ranging from patrol boats to cruiser-carriers. Besides, the enterprise produces a variety of civilian goods.
According to the DataCapital information retrieval system, RAS net profit of JSC Tulamashzavod for H1 2014 decreased 5.06 times to RUB 119.739 million from RUB 605.806 million the year before. Revenue decreased by 14.09% to RUB 2.333 billion from RUB 2.814 billion, sales profit 2.76-fold to RUB 227.465 million from RUB 628.405 million, pre-tax profit 3.98-fold to RUB 195.445 million from RUB 777.161 million