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RZHD ready to pay dividends.

The Russian government as the one holder of RZHD decided to spend 185mln rub. (25% of net profit) on the 2013-dividends, as it was informed.

The 11-member BOD was elected; BDO being affirmed as an auditor.

37mln rub. (5% of net profit) will be transferred into the reserve fund; 518mln rub. (70%) being retained.

Russian Railways (TIN 7708503727) was set up in 2003 on the basis of the communications ministry. 100% are held by the state; the network covers 85.5ths km.

The 2013 net profit (RAS) rallied down 19.07 fold to 740mln rub. from 14.11tril rub. prior year; revenues added 0.77% to gain 1.377tril rub. from 1.366tril rub.; profit from sales being down 12.81% to 58.78bn rub. from 67.415bn rub.; pretax profit - 3.41 fold to 19.399bn rub. from 66.153bn rub.

The 2013 net profit (IAS) rallied down 2.2 fold to 78.262bn rub. from 169.588bn rub.; revenues moved up 4.1% to 1.54tril rub. from 1.479tril rub.; EBITDA dropped 8.9% to 319bn rub. from 350bn rub.; EBITDA margin - 21% from 24%

"AK&M", 08.07.2014


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