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Russia’s Cherkizovo Group holders OK paying no dividends for 2009

30 june 2010

The annual general meeting (AGM) of shareholders of Russian meat processor Cherkizovo Group has approved paying no dividends for 2009, the company said Wednesday.

Cherkizovo Group also did not pay dividends for 2008.

The company received a net loss of 50 million rubles in 2009, as calculated under Russian Accounting Standards (RAS).

Igor Babayev, the chairman of the group’s board of directors, is the major shareholder of Cherkizovo Group.

Cherkizovo Group is one of Russia’s largest vertically integrated agricultural companies. It includes meat processing, pork and poultry divisions.

Back to the news list

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