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Russian Railways to pay dividend for 2007
RBC, 16.05.2008, Moscow 14:06:39.The Board of Directors of Russian Railways has recommended that is shareholders approve the payment of RUB 512.2m (approx. USD 21.48m) as dividend for 2007, the company's press office reported today. Moreover, the board has made a decision to recommend the allocation of part of the company's net profit (RUB 454m, or USD 19.04m) for 2007 to finance the construction of a railroad in the Perm region that would bypass a sinkhole at a flooded mine there. This decision is in line with the government decree, providing for the remuneration of costs that arise during the construction of the bypass route by Russian Railways.
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