RAS net profit of OJSC Kamgesenergostroy for H1 2013 was RUB 33.641 million against a loss of RUB 101.799 million the year before, the company reported.
Revenue grew by 16.83% to RUB 4.55 billion from RUB 3.895 billion, sales profit was RUB 94.21 million against a loss of RUB 8.163 million in the first half year 2013, pre-tax profit was RUB 53.292 million against a loss of RUB 137.307 million.
OJSC Kamgesenergostroy (tax number: 1650007171) was based on the Directorate for the Construction of the Nizhnekamsk Hydroelectric Station and the Zainskaya SDPP established 1964. Later, as KAMAZ and Naberezhnye Chelny city were built, the company was restructured as a production association manufacturing power and industrial facilities within the Kama drainage basin. OJSC AK BARS Holding Company owns a controlling stake in Kamgesenergostroy.
According to the information and retrieval system DataCapital, RAS net profit of OJSC Kamgesenergostroy for 2012 decreased by 43.25% to RUB 10.763 million from RUB 18.966 million in 2011. Revenue increased by 72.43% to RUB 10.461 billion from RUB 6.067 billion, sales profit 5.77-fold to RUB 811.766 million from RUB 140.604 million, pre-tax profit decreased by 34.47% to RUB 20.86 million from RUB 31.834 million.