RAS net profit of PJSC Krasny Kotelshchik for H1 2013 dropped by 29.75% to RUB 319.789 million from RUB 455.19 million the year before, the company reported.
Revenue increased by 17.31% to RUB 4.52 billion from RUB 3.853 billion, sales profit decreased by 9.29% to RUB 549.922 million from RUB 606.236 million, pre-tax profit by 34.18% to RUB 356.794 million from RUB 542.045 million.
PJSC Taganrog Boiler-Making Works Krasny Kotelshchik (PJSC Krasny Kotelshchik, tax number: 6154023009) established in 1896 is one of the largest manufacturers of steam coppers, boiler, heat-exchange, water-treatment equipment and accessories and is part of the EMAlliance Holding which owns 77.33% of the company's common shares. The boiler plants produced by the enterprise are in use at 60% and the heat-exchange equipment at 90% of combined heat and power stations in Russia. The company accounts for over 80% of the Russian boiler equipment market.
The company's authorized capital is RUB 284.34 million represented by 71,086 thousand preferred and 213,258 thousand common shares at par value of 1 ruble.
According to the information and retrieval system DataCapital, RAS net profit of PJSC Krasny Kotelshchik for Q1 2013 was RUB 49.349 million against a profit of RUB 300.163 million the year before. Revenue grew by 14.39% to RUB 2.106 billion from RUB 1.841 billion, sales profit decreased 27.28-fold to RUB 14.346 million from RUB 391.396 million, loss before tax was RUB 56.315 million against a profit of RUB 342.579 million.