Dnipropetrovsk Switch AGM OKs 3.9% Dividend Payout
17 March 2008
At their AGM on Friday, shareholders in Dnipropetrovsk Switch (DSTR: N/R) approved a 3.9% dividend payout of USD 0.06 mln (DPS of USD 0.23, yield of 0.2%). Official 2007 financial results for the company are: sales of USD 46.6 mln (+1.6% yoy), net income of USD 1.5 mln (no change from 2006, net margin of 3.2%), and EBITDA of USD 2.2 mln (down 42% yoy, EBITDA margin of 4.8%). Shareholders appointed Sergiy Taranenko as CEO, replacing Valeriy Kryachko, and reseated representatives of the supervisory board.
