Shareholders of the Azovstal Iron and Steel Works intend to spend all the net profits from 2016 and a part of profit from 2014 to pay dividends.
According to the shareholders’ decision, they plan to spend 558.417 UAH of net profit for 2016 (0.13352461 UAH per ordinary share), as well as 915 million UAH of net profit for 2014 (0.218788 UAH per ordinary share).
All in all to pay dividends the company will use 1473.417 million UAH (0.35231261 UAH per ordinary share).
In 2016 Azovstal received 558.417 million UAH of net profits, as opposed to 1835.472 million UAH of net losses in 2015. Undistributed profits at the end of 2016 totaled 4925.56 million UAH. (Ukrainian metal)