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Mostotrest OAO updates FY 2013 dividend recommendation-Interfax

Thursday, 29 May 2014 07:12am EDT 

Mostotrest OAO:Mostotrest OAO can allocate part of retained earnings from previous years for dividend payment, the company's materials to annual general shareholders' meeting show-Interfax.Due to loss of 1,429,689,000 Russian rubles the profit should not be distributed for the financial year, the materials say.At the same time, the board of directors has recommended distributing part of retained earnings of 2,000,907,895 rubles for dividend payment.As reported earlier, the company planned to distribute dividends for the fiscal year 2013 of 7.09 rubles a share totaling to 2 billion rubles. 

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