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04.03.2009  
  Kommersant,  
 

TAIF increased its revenue


 
  In 2008, TAIF GROUP had over RUB 290 billion of revenue, according to preliminary data, as it was informed by the press service of the company with reference to Albert Shigaboutdinov, General Director of the Company. In 2007, the Group earned RUB 192.1 billion of revenue. Thus, the 2007 result can be increased 1.5 times. The company informed, as well, that on the back of decrease in capitalization of the companies of the Group by USD 4 billion, TAIF reported no net profit in accordance with RAS. The company informed that if the decision was taken by TAIF to pay dividends, their amount would be too small. This taken into account that distribution of dividends can take place subject to the shareholders’ decision to use them for the support of the companies.
TAIF GROUP holds the controlling stake of OJSC “Kazanorgsintez”, OJSC “Nizhnekamskneftekhim”, 100% of shares of OJSC “TAIF-NK”.
 
 
 

 

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420012 Kazan, Republic of Tatarstan, Russia


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