OREANDA-NEWS. August 28, 2015. As per the Russian Accounting Standards (RAS), RUSNANO’s revenue for the 6 months of 2015 amounted to 3.6 billion rubles, which is 1.7 billion rubles up on the same period last year.

The revenue increase is due to proceeds resulting from RUSNANO’s exit from the Nesscap supercapacitor development project, observing the corporate rate of return. The net loss of the company decreased 23 percent in the reporting period.

The company’s aggregate investment in nanotechnology projects for H1 2015 was 6.46 billion rubles, including 5.26 billion rubles in direct investments and 1.2 billion rubles via partner funds.

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RUSNANO was founded as an open joint stock company in March 2011, through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO is instrumental in realizing government policies for nanoindustry growth, investing in financially effective high-technology projects that guarantee the development of new manufacturing within the Russian Federation. The company invests in nanotechnology companies directly and through investment funds. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, and chemicals and petrochemicals. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.

Management of the investment assets of RUSNANO are carried out by a limited liability company established in December 2013, RUSNANO Asset Management. Anatoly Chubais is chairman of its Executive Board.