TVZ Elected the Supervisory Board

04.07.2008 (17:52)

The holders of Tverskoy Wagon Works (TVZ) elected the new supervisory board.

Besides, the profit distribution was affirmed: 42.559mln rub. will be spent to pay up the dividends; 170.237mln rub. - to develop production and refill current assets.

ASM Audit was affirmed as an auditor, AK&M reports.

TVZ is one of the leading wagon works in Russia and CIS. The major holder is the government(42.48%), 25% being held by Transmashholding. The share capital is worth 0.25mln rub. split in 249605 common stocks of 1 rub. par.

The 2007-net profit (RAS) declined 20% to come to 212.796mln rub. from 266.789mln rub. prior year; revenues being up to 17.69bn rub. from 15.31bn rub. prior year.