Zaporizhtransformator net income ups 2.6x in 2011
20 January 2012
Zaporizhtransformator (ZATR UK) increased its net income 2.6x yoy to UAH 912.5 mln in 2011, Interfax reported yesterday. An AGM is scheduled for February 23 to vote on dividends.
Roman Dmytrenko: The company has a track record of high dividend payouts (100% or UAH 0.16 per share in 2010). We believe there is a very high probability Zaporizhtransformator shareholders (businessman Konstantin Grigorishyn controls ~99% according to our estimates) will again distribute 100% of the company’s 2011 net income as dividends, which would amount UAH 0.41 per share, representing a 31% dividend yield (based on last deal price).
