OREANDA-NEWS.  July 05, 2012. An Annual General Meeting of Shareholders of OJSC ALROSA was held in Mirny, Republic of Sakha (Yakutia), reported the press-centre of ALROSA.

The shareholders approved the Company’s annual report, annual financials, and the Company’s profit and loss statement for 2011.

Following the results of 2011, ALROSA is the largest diamond miner with the diamond mining increased from 34.3 million carats in 2010 up to 34.6 million carats in 2011.

2011 is a record-breaking year throughout the Company’s history in terms of the rough diamond sales volume—rough diamond sales by ALROSA Group totaled USD 4,454.8 million (rough diamonds–USD 4,273.7 million, polished diamonds–USD 181.1 million).

Following the results of 2011, ALROSA’s net profit was RUB 29,519 million.

The Meeting voted to approve the following distribution of profit received based on 2011 results:

total net profit available for distribution - RUB 29,519,001 thousand;

dividend payment - RUB 7,438,615 thousand;

profit remaining at the disposal of OJSC ALROSA - RUB 22,080,386 thousand.

It was resolved to pay dividends of one ruble one kopeck per one issued ordinary registered share of fifty kopecks par value.

It was resolved to approve LLC “Finansovyie i Bukhgalterskyie Konsultanty” (FBK) as the statutory auditor of annual financial statements of OJSC ALROSA under the Russian accounting standards for 2012 and CJSC PricewaterhouseCoopers as the statutory auditor of consolidated financial statements of ALROSA Group under the International Financial Reporting Standards for 2012.