On June 11, 2008, annual meeting of Petrolesport shareholders is to be held according to standard agenda. The company’s BOD made the corresponding decision on April 18, 2008. In particular, annual accounting report is to be approved at the meeting as well as the profit and loss statement. Besides, the profit of 2007 is to be distributed for which the size and the terms for dividend payment is t be determined at the meeting. The shareholders will also elect the Board of Directors, the audit committee and will approve the company’s auditor.
Petrolesport OJSC is a stevedoring company of the Big Port of St. Petersburg. The company’s major shareholder is N-Trans Group. PLP handles different cargo being the leader in container transshipment in the North-West region of Russia. There are a number of specialized terminals operating at the territory of PLP. From 2005, the company’s annual growth rates make 12%. PLP major perspectives are seen in transshipment of containerized and refrigerated cargo. In the first quarter of 2008 the company’s throughput totaled 1.77 million tonnes (+13.2%, year-on-year).