OREANDA-NEWS. July 04, 2007. The annual shareholders meeting of JSC TVEL held June 29 approved payment of dividends upon equities in the amount of 400 million rubles that is by 22,7% more than last year, reported the press-centre of  TVEL.

The shareholders’ meeting also approved the JSC TVEL’s annual report and annual financial statement. The year results showed gains of RUR28,5bn with a net profit of RUR3,16bn.The company’s net assets grew by 7,6% to make RUR30,2bn. Some RUR4,7bn of taxes and associated dues were paid to budgets of different tiers after 2006.

Yu.A. Olenin was reported to be elected JSC TVEL President by the shareholders’ meeting.

The meeting also approved the Board of Directors of the JSC TVEL comprising 11 persons, with some changes taken place: Yu.A. Olenin became a member of Board of Directors to replace A.Yu. Badenkov and I.N. Grechukhin was succeeded in the position by O.B. Sokolova, the Deputy Director of Department of the Minekonomrazvitiya of Russia (the Ministry for Economic Development and Trade).

Nexia Pacholi was approved as JSC TVEL auditing company for 2007.