The Annual General Meeting of Shareholders of Volkovgeology JSC was held at 10:00 on 26 May 2017 at 168 Bogenbay Batyr Street, Almaty.
The meeting approved the agenda, elected the meeting officers and counting commission, and approved the consolidated annual financial statements for 2016 audited by PricewaterhouseCoopers LLP. The statements reported total assets of KZT 17,216,318 thousand, comprehensive income of KZT 844,692 thousand, year-end cash of KZT 1,088,237 thousand and equity of KZT 12,707,480 thousand.
The meeting allocated 30% of net income, KZT 183,763,582.50, to dividends and 70%, KZT 428,661,817.50, to production development, research and new technologies. The dividend per ordinary share was approved at KZT 242.25, with payment scheduled from 1 June to 31 August 2017.
Further information was made available at 168 Bogenbay Batyr Street, Almaty, telephone +7 (727) 343‑62‑18.