Kazakh KMG EP Proposes No Dividend for 2015



Reuters

ALMATY, March 31 (Reuters) - State-controlled Kazakh oil firm Kazmunaigas Exploration and Production (KMG EP) said on Thursday its board has recommended paying no dividend for 2015.

"The decision not to pay dividends is caused by sharp decline in oil prices since end of 2014, as a result of which the company's cash flow and operating profit turned negative," it said in a statement.

(Reporting by Olzhas Auyezov; editing by Katya Golubkova)



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES