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KAMAZ affirmed dividends.

At the KAMAZ annual meeting June 27 the holders approved the 2013-dividends in the volume of 205.583mln rub. (0.29 rub./common stock), the company informed.

102.791mln rub. should be invested in reserve fund; 520.91mln rub. - on losses coverage; 1.227bn rub. - on realization of investment programs. The new BOD members were elected. The 2012-dividends demanded 487.988mln rub.

KAMAZ Group (TIN 1650032058) includes 13 large special divisions on the development, production, assembling of automobile facilities and components.

The Group involves 110 entities in total including JVs in CIS and abroad.

The major holders are Rostekhnologii - 49.9%, Avtoinvest Limited - 24.53%, Daimler - 11%, KAMAZ International Management - 4.25%, EBRD - 4%, Decodelement Services Limited - 2.73%.

The 2013 net profit (IAS) dropped 25.12% to 4.356bn rub. from 5.817mln rub. prior year; revenues - 3.54% to 114.317bn rub. from 118.51bn rub.; operating profit - 28.16% to 5.805bn rub. from 8.08bn rub.

The IQ 2014 net losses reached 1.366bn rub. vs. 644.096mln rub. in profit prior year; revenues moved down 22.08% to 18.007bn rub. from 23.111bn rub.; losses from sales gained 823.243mln rub. vs. 858.049mln rub. in profit; pretax losses reached 1.671bn rub. vs. 872.768mln rub. in profit.

"AK&M", 01.07.2014


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