OREANDA-NEWS. "World Trade Center", JSC conducted its yearly meeting with shareholders on April 26, 2013.

The meeting was held to confirm the annual report for 2012, accounting reports and results of financial activities; distribution of net profit including paying out dividends; electing a board of directors for the revisionary committee, as well as the external auditor for 2013. Shareholders voted predominantly in favor for everything. The newly elected board of directors is S.B. Adamyan, S.S. Bednov, A.G. Gavrilenko, S.N. Katyrin, V.Yu. Salamatov, V.P. Strashko, P.M. Teplukhin. At the first meeting S.N. Katyrin was elected chairman of the board.

The following people have been elected for the revisionary committee: N.M Lipatnikov, S.A. Muravniy, E.S. Orlova, Zh.V. Fedotova. The revisionary committee elected N.M. Lipatnikov as its head. MCFR Consulting Group was named the external auditor.

In his short welcome speech, S.N. Katyrin thanked everyone gathered at the meeting and wished productive and constructive work.

The Director General of WTC Moscow, Vladimir Salamatov, also gave a speech in which he told shareholders about the results of the company’s activities in 2012. Attention was particularly drawn to the press conference hosted for Vladimir Putin, the president of the Russian Federation, in December and the organization of the 43rd General Assembly of the World Trade Center Association in September.

“2012 was an important year for WTC Moscow not only in terms of events, but also in terms of the company’s administrative life. For the first time performance reports were prepared in accordance International Financial Reporting Standards (IFRS), as is stated by federal law”, Salamatov said.

According to the general director, proof of the company’s stability and profitability is the high rating awarded by the external auditor MCFR Consulting at the end of the year.

Salamatov accented in his report the work done by WTC Moscow for “Russia in WTO”, which was opened following a joint decision between the board of directors and the Chamber of Commerce and Industry of the Russian Federation after Russia’s accession to the World Trade Organization in August, 2012. One of the main tasks faced by the International Business Center was the conduction of explanatory works on the rules of the WTO.

Answering shareholders’ questions. Vladimir Salamatov shed some light on the company’s strategy for development for 2013-2018 and optimization of business processes.

“To conclude my first year as the Director General of WTC Moscow, I would like to point out that despite high competition on Moscow’s commercial property market, we will continue to grow dynamically for the third consecutive year. We achieved these great results thanks to the congruent work carried out by all the departments. I hope and believe that in the future this unity will bring even more fruits,” Salamatov said.

OJSC World Trade Center was registered on 16 September 1992 (OJSC SOVINCENTER prior to 2000). The Company is the legal successor of the Center for International Trade and Scientific and Technical Cooperation with Foreign Countries opened in 1980.

The complex of 265.3 thousand sq.m is located within the 7 ha site within the 3-rd Transport Ring boundary and consists of three office blocks of 20 - 29 floors; a Congress Center; Crowne Plaza Hotel, including an exclusive Club Building; “Mezhdunarodnaya-2” apart-hotel; an automated multi-level car park and top-class restaurants.

In 2012, WTCM sales revenue increased by 13.5% to RUR 5.76 bln., net profit increased by 8.7% to RUR 1.347 bln. Charter capital of the Company is distributed among 1.083 bln. ordinary and 162 mln. preferred shares of RUR 1 each.