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.
Kommersant business daily has released yet another annual Top 1,000 Russian Managers ranking compiled by the Russian Managers Association. This time, four Cherkizovo Group executives made it to the top: Oleg Zakov, Director at Cherkizovo Trade House; Irina Kim, Ready Meals Marketing Director; Natalya Klepikova, Head of Government Relations; and Evgeny Subbotin, Director for Procurement, Logistics, and Supplies.
Cherkizovo Group, Russia’s largest meat producer, continues to expand the product portfolio of its flagship brand of the same name.
Anastasia Mikhailova, Head of Communications at Cherkizovo Group, took part in an open conference on the role of climate regulation in the competitiveness of Russian agricultural products. In her presentation, she talked about the Company's contribution to reducing greenhouse gas (GHG) emissions.
Cherkizovo Group, Russia’s largest meat producer, took part in the Exchange Yard agricultural and machinery exhibition for the first time. We offered our best products for tasting and shared our plans to grow business in the region.