12 Jan 2009 07:00
MMK reports payment of dividends for 12 months 2007
OJSC MMK announces that as of Jan 11, 2009 it has paid out dividends for 12 months of 2007. The decision on dividend payment in the amount of RUR 0.502 per ordinary share was taken by the Annual General Shareholders' Meeting on April 25, 2008. The total amount of dividends paid is RUR 5.608.946.842,26.
* * *
Information on MMK
Magnitogorsk Iron and Steel Works OJSC (MMK) is among the world's largest steel producers and one of the leaders of Russia's steel industry. The Company is a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of value added goods.
In 2007 the Company produced 13.3 m tonnes of crude steel, and 12.2 m tonnes of commercial products. Sales under US GAAP amounted to USD 8.2 bn, with net profit standing at USD 1.8 bn.
Contacts:
Evgeny Kovtunov
Investor Relations
Tel: +7 3519 24 93 55 Fax: +7 3519 24 93 60 kovtunov@mmk.ru
Elena Azovtseva
Press Secretary
Tel.: +7 3519 24 90 82 Fax: +7 3519 24 80 24 azovtseva@mmk.ru