General Shareholder’s Meeting of Public Joint-Stock Company “FTF “KrAZ” took place on 21st of March 2014.
Shareholders of PJSC “Foreign Trade Firm “KrAZ” heard General Director Mr.Yuriy Oblog and approved the report on financial and operating results in 2013 and main goals for 2014, Audit Committee’s report and findings on financial and operating results in 2013, annual financial statements of “FTF ”KrAZ”, Supervisory Board’s report on earnings, payment of dividends in 2013 and buildup of funds in 2014.
Based on the operating results for 2013 the earnings of “FTF “KrAZ” amount to UAH 14 000.
General Shareholder’s Meeting adopted a resolution to transfer 5 percent of earnings obtained in 2013 to reserve fund under laws of Ukraine, the rest of the amount will be used for production development. No dividends were paid for 2013 according to profit distribution policy approved by the Shareholder’s Meeting in the previous year.
General Shareholder’s Meeting approved the following profit distribution policy for 2014: 5 percent to reserve fund, 95 percent to production development.
In 2014, according to targets set by Mr. Oblog, “FTF “KrAZ” will work on projects in the countries of Middle East, Latin America, Africa and South-East Asia.
