NESK votes for development over dividends | South West, Energy, utilities MarchmontNews.com

South West | Energy, utilities

NESK votes for development over dividends

2 Jul '08
Krasnodar-based power supply company NESK has opted to reinvest over 90 percent of 2007 profits into development, news agency Interfax has reported.

The firm made $2.4m for the year, 80 percent up on 2006.

Shareholders voted for the move at the firm's annual general meeting.