print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Baltika Brewery press releases

Baltika Brewery

March 25, 2004

??? «Baltika Brewery» plans to increase the dividends payment for 2003

On 2 April the annual shareholders’ meeting of  ???«Baltika Brewery» takes place and the Company’s management is planning to present for shareholder approval a proposal to increase the 2003 dividend on both ordinary and preferred shares. The suggested level of dividends per share is 15.13 rubles per preferred share and 11.64 rubles per ordinary share. This is 25% higher than the dividends paid out for 2002. Such an increase fully corresponds to the Company’s policy on dividends. Over the last six years the level of dividends paid per share has increased more than five-fold.    

 

In 2003 the Company succeeded in carrying out an organizational and legal restructuring and also restructured the system of sales. As a rule this kind of major reorganization is accompanied by substantial growth in expenses, decline in sales and fall in market share. The Company’s senior management anticipated the possible consequences and set for itself the task of reducing their influence to a minimum.  Precise calculations were made, work on increasing cash flow from operations was put in place, and various scenarios for the Company’s development were set out.

 

The results achieved turned out to be even somewhat better than forecast. This has made it possible to speak of raising the level of dividends.  However, the final decision will be taken by shareholders at the annual meeting.

 

 

 

Public Relations Department

???«Baltika Brewery»

+ 7 812 326 66 37     + 7 812 326 66 73

www.baltika.ru     pr@baltika.ru

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer