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Gold/Mining/Energy : Mosenergo ADR

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To: Copperfield who started this subject6/29/2004 10:09:44 AM
From: Copperfield   of 241
 
Mosenergo 2003 dividend up 18.5% on year - 0.02169 rbl/common stock and 613.1 mln rbl overall.

29 June 2004 12:41

Mosenergo will pay 2003 dividend of 0.02169 rbl/common stock. Stock par is 1 rbl.

The respective decision was taken by the holders at the annual meeting on June 28.

613,126.976 ths rbl will go for dividend purpose overall, 18.5% up on year.

59.6% of the net profit will go to the accumulation fund, 5% - to reserve fund, 35.4% - for dividend purpose.

2003 net profit increased 2.7 fold to 1,730.98 mln rbl under RAS from 646.25 mln rbl a year earlier. IAS net profit stood at 737 mln rbl vs. the net loss of 2,341 mln rbl.

Mosenergo has 28,267,726,000 rbl in stock capital. 28,267,726,000 common stocks, 1 rbl par each, were released. Renaissance Capital holds around 12%, Guta Bank - 4%, Moscow government - 8%.

RAO UES holds 50.87%.

[AKM]
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