Net avails of Makfa JSC in 2005 go down by 60,456,000 RUR

Stockholders’ meeting of Makfa JSC was held on May 10, 2006. The stockholders approved of the company’s annual report for 2005 and the profit and loss distribution. The company’s net avails went down by 60,456,000 RUR (1.4%); the total prime cost of the sold production went down by 161,000,126,000 RUR.

V. Belousov, D. Meshkov, V. Yurevich, N. Yurevich and G. Yefimova were elected the company’s Board of Directors.

The stockholders also elected members of the company’s inspection commission and approved of Audit-Classic CJSC as the auditor of the Association. They approved of Makfa Management Company Ltd. as the sole executive board of Makfa JSC.

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