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KVZ intends to pay dividends.

At the Kazansky Helicopter Plant annual meeting June 27 the holders approved the 2013-dividends in the total volume of 2.31bn rub., the company informed.

8.748mln rub. will be spent on the preferred stock dividends and 2.301bn rub. - on common. The executive body powers were transferred to Russian Helicopters. Ernst & Young was affirmed as an auditor.

Kazansky Helicopter Plant (TIN 1656002652) is one of the largest producers of Mi-8 helicopters in Russia.

The share capital is equal to 154.68mln rub. split in 154089390 common and 594300 preferred stocks of 1 rub. par.

The 2013-net profit rallied up 67.6% (IAS) to 7.267bn rub. from 4.336bn rub. prior year; revenues increased 16.86% to 45.007bn rub. from 38.515bn rub.; operating profit - to 10.468bn rub. from 4.95bn rub.; EBITDA being doubled to 11.65bn rub. from 5.892bn rub.

The IQ 2014 net profit was doubled to 2.423bn rub. (RAS) from 1.196bn rub. prior year; revenues moved up 16.74% to 9.687bn rub. from 8.298bn rub.; profit from sales - 87.14% to 3.507bn rub. from 1.874bn rub.; pretax profit - to 3.103bn rub. from 1.532bn rub.

"AK&M", 10:13, 03.07.2014 1251 AKM,COR


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