OREANDA-NEWS. Shvabe - Photosystems OJSC, a Shvabe Holding enterprise, held an Annual General Meeting of Shareholders.

The meeting adopted the following resolutions: it approved the Company's annual report and annual financial statements for 2014, including a profit and loss statement (profit and loss accounts); approved net profit distribution and dividend payments for 2014; elected new members to the Board of Directors; and approved the Company's auditor for 2015.

Sales revenues of Shvabe - Photosystems OJSC increased by 35.3% in 2014, with revenue per employee up by 36.6%.

The enterprise's key targets for 2015 are to increase its sales revenues and revenue per employee by at least 3.1% and 5.1%, respectively.