Public joint-stock company Kyivmiskbud Holding, one of the largest construction companies in Ukraine, has sent UAH 23.6 million of dividends for 2014 to the account of the territorial community of Kyiv city, the press service of the Kyiv City Council has reported, referring to Deputy Mayor and Secretary of the Kyiv City Council Volodymyr Prokopiv.

"First the city's budget received a large sum from the municipal company. It was managed to achieve the result thanks to the systemic policy that are conducting toward municipal companies and all companies where the Kyiv City Council is a shareholder," Prokopiv said.

According to the report, as of January 29, 2016, Kyivmiskbud also paid over UAH 3 million in dividends to 1,157 private shareholders.

Kyivmiskbud Board Chairman Volodymyr Slonchak said that the company has fulfilled its liabilities to pay dividends under a decision of the shareholders at an extraordinary general meeting held on July 31, 2015.

As reported, the company's shareholders with 99.98% votes in favor made the decision to send UAH 29.559 million or 40% of net profit of Kyivmiskbud to pay dividends for 2014, while earlier it was planned to send 30% of profit to pay dividends.

Dividends were paid between November 30, 2015 and January 30, 2016.

Kyivmiskbud was set up on the basis of municipally owned construction corporation Kyivmiskbud in 1994 through the merger of controlling stakes in 28 enterprises and other assets in its charter capital. It consists of 40 companies in which the holding owns shares, along with six subsidiaries and 51 associated members.