Pokrovsky Mining and Processing Works (previous name – Ordzhonikidze GOK) could spend 95% of its 2018 net profit (385.47 million UAH) to pay dividends.
The decision will be taken at the next shareholders meeting scheduled for January 14, 2020.
The first suggestion was to send 5% of the profit (19.27 million UAH) to the reserve fund, and to leave the rest undistributed without paying dividends.
The second suggestion was to send 5% to the reserve fund and spend 95% to pay dividends in the amount of 0.124 UAH per ordinary share.
In 2018 the GOK decreased net profit by 41.3% YoY, to 385.47 million UAH, but increased its net income by 11.7%, to 2.9 billion UAH. (Ukrainian metal)