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Proton-PM won't pay dividends.

At the Proton-Permskie Motors (Proton-PM) annual meeting June 19 the holders approved the non-payment of the 2013-dividends due to the losses, the company informed.

Invest-Audit was affirmed as an auditor.
Proton-PM (TIN 5904006044) is the largest producer of liquid rocket engines and its modifications. Besides, it makes the nodes for the RD-191 engines. The major holder is GKNPTS M.Khrunichev.

The 9-month 2013 net profit (RAS) boosted 16.86 fold to 119.769mln rub. from 7.105mln rub. prior year; revenues added 7.32% to gain 3.313bn rub. from 3.087bn rub.; profit from sales dropped 21.56% to 228.165mln rub. from 290.887mln rub.; pretax losses reached 116.387mln rub. vs. 9.061mln rub. in profit.

The 2013-net losses reached 140.6mln rub. (IAS) against 42.756mln rub. prior year; revenues climbed 4.09% up to 5.319bn rub. from 5.11bn rub.; operating profit being down 14.15% to 323.007mln rub. from 376.234mln rub.; pretax losses coming to 113.49mln rub. vs. 74.083mln rub. in profit.

"AK&M", 14:20, 27.06.2014 1251 AKM,COR


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