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.