Enakievo Steel AGM: No Dividends
31 August 2008
At yesterday’s Enakievo Steel (ENMZ: U/R) AGM, shareholders approved the company’s 2006 financial results: sales of USD 701.9 mln (+14.5% yoy), net income of USD 31.0 mln. Shareholders voted against paying dividends. According to Enakievo Steel Deputy CEO Serhiy Sydorov, in 2007 the company expects gross revenue of USD 1,148.5 (+40.7% yoy), net income of USD 89.1 mln (+87.5% yoy), CapEx of USD 100 mln.
