Revenue of the main asset of UGMK rose by 2.6 bln roubles

The growth of the revenue is connected with the metal price rise in roubles.

Uralelectromed OJSC (in the structure of UGMK-Holding Ltd of A. Kozitsyn and I. Makhmudov) increased the revenue in 2015 by 2.6 bln roubles, including 1.8 bln roubles by means of the metal price rise denominated in roubles which followed the growth of currency exchange rates.

The growth by 796.1 mln roubles was due to the over-execution of production and sales volumes of the main types of products. The total volume of dividends to be paid made up 2.4 bln roubles (492.95 roubles/share).

The total volume of undistributed profit made up 2.8 bln roubles, 2.5 bln roubles of which is directed for the payment of dividends, 358.9 mln roubles – for financing of capital investment. On July 18th a list of people that have the right to be paid dividends will be formed. The decision on the payment of dividends was made on June 30th at the annual meeting of shareholders.

In 2015 the sales profit made up 4.78 bln roubles, which is by 3.2 bln roubles higher than in 2014. The pre-tax profit of Uralelectromed in 2015 made up 3.8 bln roubles.