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Azovzahalmash AGM: No Dividends

Azovzahalmash AGM: No Dividends

3 July 2008

At their AGM on June 30, shareholders of Azovzahalmash (AZGM: HOLD), part of the Azovmash holding, approved the company’s 2006 financial results: net revenues of USD 325 mln (+34.6% yoy) and net income of USD 191 ths (down 87.3% yoy). With no income generated for the period, shareholders voted not to pay dividends.

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