OREANDA-NEWS. Shvabe Holding enterprise Shvabe - Defence and Protection JSC held a pre-annual meeting of the Board of Directors.

Several decisions were made as a result of the meeting, including decisions on the preliminary approval of the Company's annual statement and annual accounting statements for 2014, as well as statement on profits and losses (profit and loss accounting), on the approval of the core budget and the enterprise development budget for 2015. Moreover, the meeting included recommendations to the shareholders' annual general meeting on the approval of the distribution of net profit received by the Company on the results of 2014 and on dividend payout.

In 2014 the growth of revenues from sales of products, works, and services of Shvabe - Defence and ProtectionJSC amounted to 122.3%, the growth of net profit - 186.8%, the increase of output per worker - 131.0%.

The main objectives for 2015 for the enterprise are the following: the growth of revenues from sales of products, works, and services - 133.7%, of net profit - 134.4%, of output per worker - 143.1%.