August 24, NKNK Board of Directors held its regular session presided by A. Shigabutdinov, General Director of “TAIF” JSC.
Board of Directors reviewed the results of the Company’s financial and economic activities in first half 2006. Commodity output volume in January-June exceeded RUR 21.7bn, which in comparable prices constitutes 104.4% with respect to a last year similar period. This July, the commodity output amounted to over RUR 4bn, which is the highest monthly indicator in the Company entire history.
“Nizhnekamskneftekhim” INC timely and in full arranges for payments to the budgets of all levels. More than RUR 2.7bn as taxation was transferred within the accounting period.
Board of Directors approved of the Company’s successful activity in first half 2006 and proposed to continue the work on inputs reduction.
Members of Board of Directors recognized as satisfactory the activity in providing safety conditions of work in first half 2006 and took into consideration the information on providing the Company’s economic and material security, labor remuneration system and foreign-economic activity of “Nizhnekamskneftekhim” INC.
Board of Directors approved of the Company’s stock market activity results and measures aimed at improving the level of corporate management and the Company’s investment attractiveness.