At the Cheliabinsky Pipe Plant (CHTPZ) annual meeting June 27 the holders approved the non-payment of the dividends due to the losses, the company informed.
Audit Classic was affirmed as RAS auditor and Deloitte & Touche - as IAS auditor.
CHTPZ (TIN 7449006730) is a producer of the different pipes. It covers 12% on the Russian pipe market. The holders involve ELF GROUP LTD - 18.83%, MARIS SERVICES Inc - 17.19%, PLATINI STEEL TRADE LTD - 15.28%, OREM GROUP S.A.- 14.85%, LEVEL BAY I S.A.- 9.73%, Pervouralsky Pipe Plant - 9.3%.
The 2013-net losses (IAS) reached 1.868bn rub. from 1.133bn rub.; revenues being down 3.81% to 112.428bn rub. from 116.882bn rub.; operating
profit- 15.72% to 10.905bn rub. from 12.939bn rub.; corrected EBITDA - 9.79% to 18.173bn rub. from 20.146bn rub.; EBITDA coming to 16.2% vs. 17.2% prior year.
The IQ 2013 net profit (RAS) declined 36.02% to 284.527mln rub. from 444.682mln rub.; revenues dropped 4.42% to 18.235bn rub. from 19.079bn rub., profit from sales increased 10.96% to 2.258bn rub. from 2.035bn rub., pretax profit dropped 32.42% to 388.24mln rub. from 574.463mln rub.