OREANDA-NEWS. April 09, 2013. General Shareholders’ Meeting at Public Joint-Stock Company “KrAZ” took place.

FTF “KrAZ” shareholders approved the report presented by General Director Yuriy Oblog about financial and operating results for 2012 and main areas of activity for 2013, report and conclusions of Internal Audit Commission for 2012, FTF “KrAZ” annual financial state-ments, report of the Supervisory Board about earnings for 2012, dividend payment for 2012 and buildup of reserve funds for 2013.

Based on the results for 2012 losses incurred by the company amount to UAH 324 000. The General Shareholders’ Meeting resolved not to pay dividends for 2012 due to absence of earnings during accounting period.

The General Shareholders’ Meeting approved the profit distribution for 2013: 5 % - re-serve fund, 95 % - production development fund.

The General Shareholders’ Meeting also adopted resolution on early termination of powers of current Supervisory Board and Internal Audit Commission and elected new ones.