RZHD intends to raise the dividends

Russian Railways BOD recommended the holders to spend 1.051bn rub. on the dividends payment which will cover 4% of the net profit, the company informed.
In 2005 975.2mln rub. (10% of net profit ) were spent for this purpose.
Thus, the growth will reach 7.8%.
1.321bn rub. will be transferred to the reserve fund and 24.038bn rub. to the development of the company (91% of net profit); modernization will demand 6.335bn rub.
BOD affirmed the 2006-accounting; net profit gained 26.4bn rub. (RAS); gross profit - 59.2bn rub.; losses - 43.2bn rub. Yunikon should be affirmed as an auditor.
RZHD was set up on the basis of the communications ministry as a wholly owned government company. The 2006-net profit increased to 26.3bn rub. or 2.7 fold against prior year figures (9.7bn rub). The major holder of Industrial Urals - Polar Urals Corp. is Tyumen region, Khanty Mansisysk-Yugra - 32.67%, Strategic Researches Fund - 2%. The share capital is worth 300mln rub.