News

KURUMOCH PAYS OUT DIVIDENDS

In his report Leonid Shvarts, Airport Director General highlighted the results of the Airport’s business activity for 2009, specifying the Airport’s key operational indicators for the previous year and its future development issues.

As for the number of handled passengers, Kurumoch airport ranks among top ten Russian airports.

Notwithstanding the current global economic slowdown which caused a sharp and shocking fall in air traffic, Kurumoch airport has demonstrated a positive financial result of 2009, the operating activities revenue being increased up to 58 177 rub., that is fourfold over 2008. According to the reporting period data the most considerable increase in the company’s revenue is aligned with focused actions to improve price flexibility for rendered services, active development of aviation and non-aviation activities, cost saving measures,  economy policy regarding the use of financial and natural resources and maintenance work reduction.  

Together with the revenues other figures have increased recently. Service profitability showed elevenfold increase, operational efficiency was up by 6%, average monthly salary rose by 7% during 2009.

Therefore Kurumoch International Airport has successfully confirmed itself as a financially sustainable company by improving its financial status during 2009.

In that context the Airport shareholders concluded to adopt the annual accounts and financial statements, pay out dividends in the amount of 26.26 rub. per each common share and elect the Board of management and an independent accountant of Kurumoch International Airport OJSC.