Annual General Meeting was held at Krasnoye Sormovo Shipyard, MNP Group. The meeting adopted the annual report and annual accounts, including statements of income. Sales proceeds in 2006 amounted 2,766.4 million rubles, sales profit – over 125.7 million rubles, gross profit – 564.4 million rubles, net profit – 203.9 million rubles. Preference shareholders will be distributed profits (54.44 rubles per one share). Board of directors of Krasnoye Sormovo Shipyard was elected at the meeting: Nikolay Zharkov, Michael Kossolapov, Vladimir Kostukov, Sergey Natalenko, Sergey Nikolaev, Yevgeniy Starozhuk, Semen Tarasov. Nikolay Zharkov was elected as Director General of the shipyard. The auditing firm “Yumita” was approved as the auditing company of the shipyard. MNP Group is engaged in shipbuilding and offshore units design and construction. MNP Group incorporates the leading Russian shipyards: Krasnoye Sormovo Shipyard (Nizhniy Novgorod) and Volgograd Shipyard, as well as Sormovskoye Mashinostroeniye (Nizhniy Novgorod), Volgograd special engineering plant, Volgo-Caspian Design Bureau (Nizhniy Novgorod) and Friede & Goldman (USA).