In 2007, net profit of North Western Shipping Company OJSC grew by 85.36%, year-on-year, to RUR 128.304 million, the company announces. The company’s sales proceeds amounted to RUR 2.955.197 billion.
Annual meeting of the company’s shareholders considered and approved the company’s financial results for 2007, as well as distribution of the profit and the size of dividends. RUR 26.465.274 million of the net profit is to be paid as dividends, RUR 6.415.219 million – to be spent for the company’s reserve fund, RUR 95.423.901 million – to leave for the company’s disposal. The dividends are to make RUR 2.75 per share, the nominal value of which is RUR 12. 5.
The company’s general meeting elected the Board of Directors including:
Bagautdinov R.D. – Director General, Infotek-Baltica-M CJSC;
Bilyarova D.R. – Expert, Rosimushchestvo;
Varfolomeeva Yu.S. – Senior Expert, Rosimushchestvo;
Kasyanenko V.V. – Head of Department for Foreign Economic Relations, Infotek-Baltica CJSC;
Kosinov Denis – Managing Director, Forestland Limited (Nicosia, Cyprus);
Olersky V.A. – Commercial Director, Infotek-Baltica CJSC;
Ryabinina A.Yu. – deputy Director General, Marine Transportation, NTK LLC;
Chelyadin S.V. – Director General, Sea Port of Saint Petersburg OJSC;
Cheprasov I.Yu. – Director, Economic and Finance, Sea Port of Saint Petersburg OJSC ".
According to the company, the priority activities in the nearest years are aimed at construction of new fleet, upgrading of the existing fleet in order to expand the navigation area, development of transportation of new high-profit cargoes, development of container transportation, active participation in large-scale state projects.