Kazakhstan Stock Exchange (KASE) holds the Issuer Day for KEGOC

English

 

On 17 April, KASE held an Issuer's Day meeting for KEGOC. The event was held to whet the investors' appetite for the issuer’s securities and for KEGOC to establish feedback mechanism with the shareholders. The representatives of KEGOC andprofessional participants of KASE took part in the event.

 

Mr Aibek Botabekov, Member of the Management Board, Managing Director for Finance and Accounting of KEGOC reported on performance of the Company in 2017. The Managing Director reported that, in accordance with the consolidated financial statements, KEGOC's income for the year ending on 31 December 2017 amounted to KZT 32.9 billion. The net profit in 2017 reached the highest level in the company's history.

 

Mr Botabekov also noted that, taking into account the interests of shareholders and in accordance with the dividend policy, the company proposed to the General Meeting of Shareholders, scheduled for 27 April 2018, to approve payment of dividends to shareholders for 2017 with the total amount of KZT 10.4 billion, which is 70% of net income for 2017 (excluding KZT 12.6 billion dividends paid for H1 2017). Thus, the dividend per one ordinary share of KEGOC will be KZT 40.13.

The presentation material can be seen on the following link.