OREANDA-NEWS. February 02, 2011. Ukrnafta’s (UX: UNAF UK) shareholders will vote on the distribution of 70% of its 2009 profit amounting to UAH 265 mln (USD 33 mln) at an AGM scheduled for February 25, 2010. The other 30% in 2009 profits were already transferred to the state in June 2010 in line with the state budget law.

Concorde Capital: if shareholders decide to pay out all of the company’s 2009 profits, as was the case in 2006-2008, the dividend will amount to UAH 4.89 UAH, providing a 0.3% dividend yield to the current share price. In 9M10, Ukrnafta generated UAH 2.45 bln in net income, suggesting total 2010 earnings of approximately UAH 3.20 bln (USD 402 mln), a dividend for 2010 of 50 UAH per share and a 9.11% dividend yield to the current share price.