OREANDA-NEWS. Annual General Shareholders Meeting of OJSC Baltika Breweries approved the Company’s results, the accounts and annual report for 2006.

The amount to be paid in dividends grew by 62% compared with the pay-out of 2005. In this way the dividend payment for both ordinary and preference shares amounts to 39.5 rubles per share.

In 2006 the Company’s net profit increased by 43.4% (338.4 million EURO). This high size of dividends was provided by good financial indicators, reached in 2006.

Furthermore, the Baltika shareholders elected members of the Internal Auditing Committee and approved the appointment of the auditors KPMG ZAO and A & P Audit CJSC. They also added Ernst & Young Ltd to the list of auditors, approved a new versions of the Articles of Association and Regulation on the Management and Control Bodies and established the levels of pay and cost reimbursement for members of the Board of Directors.