Public joint-stock company Yahotyn butter plant (Kyiv region), a large milk processing company in Ukraine, will pay UAH 100.643 million of dividends or UAH 278.30 per ordinary share.

The company said that the decision was made at an extraordinary general meeting of shareholders held on September 26.

The dividends will be paid from October 18, 2016 through March 1, 2017.

Yahotyn butter plant saw a 2.4 times rise in net profit in 2015, to UAH 60.745 million.

Yahotyn butter plant is part of Milk Alliance, created in June 2006 as a holding company with a charter capital of UAH 23.5 million, with long-term financial investment accounting for 99.9%.

Milk Alliance unites Pyriatyn cheese factory, Bashtanka cheese factory, Horodenka, Trostianets, Novoarkhanhelsk and Zgurivka cheese factories, Zolotonosha butter factory, as well as Varvamaslosyrzavod and Etalonmolprodukt, and Etalon trade house sales companies.