Kryukiv Wagon approves dividend of UAH 0.52 per share

Kryukiv Wagon (UX: KVBZ UK) shareholders, yesterday at an AGM, approved a dividend payout of UAH 0.52 per share, yield 1.5%. In addition to the 20% of net income (UAH 227.2 mln) directed toward dividends, the remaining 80% was allocated for R&D. Vitaly Gorovoy: Kryukiv Wagon needs cash to create a new inter-regional electric train this year. If the train will be created in time and certified, the company could get a portion of Euro-2012 related orders.