OREANDA-NEWS. At its session in Surgut the Supervisory Board of UTair (UTair Aviation JSC) recommended that the annual general shareholders’ meeting approve RUR0,138 (approx. USD0,05) as dividend per common share for 2006, or twice as much as in 2005.


Furthermore, the Supervisory Board gave its preliminary approval to UTair’s draft annual report, annual financial statement, including the profit and loss account, for 2006. Sales profit amounted to RUR864,362m (approx. USD33,37m), up from RUR229,087m (approx. USD8,845m) in 2005. The airline’s net profit totaled RUR263,895m (approx. USD10,19), up from RUR128,011m (approx. USD4,94m) a year earlier.

The annual general shareholders’ meeting of UTair Aviation has been scheduled to take place in Khanty-Mansiysk on June 28, 2007. Apart from the above issues, the general meeting’s agenda will also include the election of the airline’s Supervisory Board, General Director and Audit Commission, as well as the appointment of auditors.

In April 2007, the airline’s market capitalization topped USD300m. The level was surpassed on the Moscow Interbank Currency Exchange on April 4, 2007. As reported earlier, the airline went beyond the psychologically important level of USD100m on January 20, 2006, and shortly after that, in May 2006, its market capitalization soared above USD180m.