Shareholders in Kyiv-based Kyivmiskbud Holding, one of the largest constructors in Ukraine, have decided to send 30% of the holding's net profit for 2011 to pay dividends, which amounts to Hr 40.842 million.
The decision was made at a general meeting of the company’s shareholders held on April 25, 2012.
Vice President Nina Lushpiyenko said at the meeting that the sum of dividends planned for paying out (Hr 28.4 million) exceeds the sum of dividends paid in pre-crisis 2008.
In addition, the shareholders decided to send Hr 5 million to the holding’s reserve fund, while undistributed profit of Hr 90.297 million will be sent to the production development fund.
Dividends will be paid from July 1 to October 25, 2012.
The shareholders also approved a financial report of the holding for 2011.
The net profit of Kyivmiskbud for 2011 came to Hr 136.14. Revenue last year totaled Hr 2.475 billion, a 21% rise year-over-year.
Kyivmiskbud was set up on the basis of municipally owned construction corporation Kyivmiskbud in 1994 through the merger of controlling stakes in 28 enterprises and other assets in its charter capital.
Kyivmiskbud consists of 40 open joint-stock companies, in which the holding owns shares, along with six subsidiaries and 51 associated members. Kyiv municipal community owns an 80% stake in the holding.
Kyivmiskbud in 2011 put into operation 13 residential buildings in Kyiv with a total area of 213,361 square meters, which was 4% up on 2010. The expected rate of housing construction by the holding as an investor is 216,300 square meters.
Kyivmiskbud holding in 2011 saw its net profit fall by 18.9% compared to 2010, to Hr 136.142 million. The holding’s long-term liabilities in 2011 decreased by 30.7%, to Hr 167.046 million, and its current liabilities dropped by 19.1%, to Hr 345.839 million. The assets of the holding in 2011 fell by 10%, to Hr 3.657 billion.
The share capital has not changed since 2008, being Hr 16.535 million as of late 2011.
