Revenue of Russian Division of Mondi Grew 6% in 1H
OREANDA-NEWS. August 28, 2009. In the first half-year revenue of Russian division of Mondi (Mondi Syktyvkar LPK OJSC) amounted to 10.6 billion roubles (US335 million) which is 6% higher than in the similar period of the previous year (9.9 billion roubles or US 312.9million), as the company informed.
Net benefit in the frist half-year was 5.5 billion roubles (US 173.8 million). Net benefit from current acitivities grew 2.4 times compared to the previous year's indicators to 1.15 billion roubles (US 36.3 million). Another 4.4 billion roubles (US 139 million) are funds of a shareholder allocated for strengthening financial position of the company.
Investments in development in the first half of this year made up 6.1 billion roubles (US 192.8 million), with planned investment volume for this period being 5.6 billion roubles (US 177 million).
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