Energomera Summarized Finacial Results for 9M2007
OREANDA-NEWS. December 5, 2007. Production total turnover for 9 months of the current year comprised 2 750 million rubles, that exceeds the last year's level by 40% (2006 turnover – 1 959 mln rubles), Lyudmila Fartusova, Financial Director of the Concern Energomera, JSC reported.
Concern's net profit in 2007 increased by 2.9 times – up to 538 mln rubles (in 2006 – 185 mln rubles). Including electrotechnical instrumentation – 181 m. rubles, electronic materials – 117 m. rubles, agricultural production – 241 m. rubles.
Company's profit according to EBIDTA increased by 94% accounting for 896 mln rubles (in 2006 – 461 mln rubles).
The Concern assigned 483 mln rubles to taxes and deductions, that comprises the level of 2006 by 47% (in 2006 – 328 mln rubles).
Within the framework of the investment program 21.5 mln dollars has been assigned to implementation of projects for 9 months of the current year. Therefore, investments in the electrotechnical instrumentation comprised 8.9 mln dollars, electronic materials production – 3.5 mln dollars, agricultural engineering – 6.7 mln dollars and poultry industry production – 2.4 mln dollars. "5 million dollars more are going to be assigned to implementation of the investment projects by the end of the current year," Mrs. Fartusova added.
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