On May 24, a press conference was held following the results of the Annual General Meeting of Shareholders of «KazTransOil» JSC - AGM with participation of the General Director (Chairman of the Management Board) of «KazTransOil» JSC - Dimash Dosanov and members of the Management Board.
Dimash Dosanov has acquainted journalists with the shareholders’ decisions taken on AGM, the results of company’s activity for 2017 as well as the development opportunities.
The AGM approved the procedure for distributing the company's net income for 2017, retained earnings of previous years, decisions were taken to pay dividends on common shares, the size of dividends per common share.
– By the shareholders’ decision to pay dividends as per the results of 2017, a record amount will be directed for the entire period of the public offering of the company's shares on the Kazakhstan Stock Exchange - 61 billion 541 million tenge, including all net profit for 2017 - 50 billion 118 million tenge and 11 billion 423 million tenge from retained earnings of previous years, - said Dimash Dosanov. - The dividend per common share will be 160 tenge, or 22% of the placement price.
For comparison, in 2017 KazTransOil paid dividends to its shareholders in the amount of 59 billion 617 million tenge. The amount of dividend per one common share was 155 tenge.
Payment of the annual dividend will be made according to the list of shareholders entitled to receive dividends on common shares of the company by the results of 2017, fixed as of 00:00 on June 12, 2018. The commencement date for the payment of dividends is June 26, 2018.
The company's success in 2017 was determined by its production and financial achievements in this period.
In 2017, the consolidated volume of transportation and transshipment of oil and oil products through the pipeline system of «KazTransOil» group of companies amounted to 58 million 537 thousand tons, which is 1 million 961 thousand tons more than in 2016. Consolidated cargo turnover of oil reached 48 billion 360 million ton-kilometers, which is 5 billion 230 million ton-kilometers more than in 2016. The volume of fresh water supply to consumers of Atyrau and Mangistau regions of Kazakhstan through the «Astrakhan-Mangyshlak» water pipeline amounted to 26 million 225 thousand cubic meters in 2017, which is 1 million 92 thousand cubic meters more than the level of 2016.
The company's consolidated revenue for 2017 was 222 billion 449.9 million tenge, which is 7.4% higher than the same indicator in 2016. Consolidated net profit of «KazTransOil» JSC as per the result of 2017 amounted to 50 billion 117.9 million tenge, which is 12.6% higher than the result of 2016.
Reference:
«KazTransOil» JSC is the national main oil pipeline operator of the Republic of Kazakhstan, the largest oil transportation company of the Republic of Kazakhstan, owning a diversified network of main oil pipelines with the length of 5 377 km and water pipelines with the length of 1975 km. The production facilities of the group of companies «KazTransOil» JSC are located in 11 regions of Kazakhstan.
Common shares of «KazTransOil» JSC were listed on the Kazakhstan Stock Exchange. According to the results of the People's IPO in November-December 2012, 33,989 citizens of the Republic of Kazakhstan and 10 accumulative pension funds became the shareholders of «KazTransOil» JSC.
At the end of 2012, the dividend per one common share of «KazTransOil» JSC was 75 tenge, or 10.3% of the placement price. The total amount of the dividend for 2012 was KZT28,847,669,925, or 86% of the company's consolidated net profit for 2012.
At the end of 2013, the dividend per one common share of «KazTransOil» JSC was 109 tenge, or 15% of the placement price. The total amount of the dividend for 2013 was KZT41,925,280,291, or 66% of the company's consolidated net profit for 2013.
At the end of 2014, the dividend per one common share of «KazTransOil» JSC was 120 tenge, or 16.6% of the placement price. The total amount of the dividend for 2014 was 46 billion 429 million 363 thousand 155 tenge, or 100% of the company's profit.
At the end of 2015, the dividend per one common share of «KazTransOil» JSC was 133 tenge, or 18.3% of the placement price. The total amount of the dividend for 2015 was 51 billion 156 million 535 thousand tenge, including: 100% of the company's profit for 2015 in the amount of 44 billion 712 million 936 thousand tenge and 6 billion 443 million 599 thousand tenge from retained earnings over the past years.
At the end of 2016, the dividend per one common share of «KazTransOil» JSC was 155 tenge, or 21% of the placement price. The total amount of dividends was 59 billion 617 million 355 thousand 345 tenge.
Public Relations and
Internal Communications Service of
«KazTransOil» JSC
