The company’s board of directors advised the shareholders meeting against voting for the dividends, the performance not yet disclosed. In the first half-year of 2009, Belon sustained 932 bn rouble losses (according to Russian accounting standards), its revenue degrading by 47.5 per cent down to 7.285 bn roubles.
A year ago, Belon’s management disclosed plans to increase 2009 coal output by 29 per cent up to 7.5 bn t against 2008.