At the European Bearing Corp. annual meeting June 27 the holders approved the non-payment of the 2013-dividends, the company informed.
The 2012-dividends were paid up in the volume of 2.728bn rub.
(48.715ths rub./pcs). KSK Audit was approved as RAS auditor; Deloitte & Touche - as IAS auditor.
The Corporation (TIN 7722242530, EPK) is a Russian engineering company.
It is the largest bearing producer in Russia. The Company was formed in 2001 for the production of the bearings, components and nodes. It involves the plants located in Moscow, Volzhsk, Samara, Saratov, Stepnogorsk.
The IQ 2014 net profit (RAS) rallied up 71.38 fold to 2.872bn rub. from 40.233mln rub. prior year; revenues dropped 29.73% to 1.215mln rub. from 1.729mln rub.; losses from sales moved up 15.49% to 1.297mln rub. from 1.123mln rub.; pretax profit - 56.97 fold to 2.868bn rub. from 50.339mln rub.