ZASLON will direct 70% of its net profit to development

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AK&M 17 October 2026 05:11

The shareholders of ZASLON JSC decided to allocate the majority (70%) of the net profit received by the end of 2023, which amounted to more than 804 million rubles, to finance priority areas of activity. The remaining 30% will be paid as dividends. This is stated in the company's message.

The company plans to use the bulk of its net profit, more than 558 million rubles, for further development and manufacture of high-tech civilian products, for industrial construction, acquisition of land plots, industrial real estate; for the creation of new materials, components and promising technological processes, as well as for financing socially oriented projects.

According to the results of the 2023 financial year, more than 245 million rubles will be allocated for the payment of dividends at the rate of 26 thousand rubles per ordinary share. The persons entitled to receive dividends will be determined as of July 15, 2024.

JSC ZASLON is a Russian developer and manufacturer of aviation, marine and land equipment, microwave circuits, and medical diagnostic equipment. The company's head office and main production site are located in St. Petersburg, and representative offices are located in Moscow, Tver, Akhtubinsk, Novosibirsk and Vladivostok.