ChTPZ has postponed dividend payments to its shareholders
Edited by Rhod Mackenzie / 2014-05-07 01:46:11
Finance Metals and mining Russia Chelyabinsk Pipe Plant (ChTPZ) Dividends Financial results Russia Metals and Mining Steel
The dividend payments of the Chelyabinsk Pipe Rolling Plant JSC (ChTPZ) have postponed for several months under the recommendation of the Board of Directors, to June 27th 2014. ChTPZ will publish the list of the shareholders liable to participate in the annual session on May 12th. No dividends were paid for 2012. ChTPZ decided then to allocate the whole net profit of 889 million rubles to the further development of the plant.
In 2013, ChTPZ maid a net loss by RAS of 147 million rubles. The auditor Deloitte doubted the ability of the company to continue its operation in the foreseeable future.
The financial results of ChTPZ Group in 2013
