On December 19, Aktivinvest LLC (a subsidiary company of OJSC KuibyshevAzot) increased its stake in the parent company to 26.067 million common shares from 25.114 million, KuibyshevAzot informed.
KuibyshevAzot's authorized capital is RUB 240 million represented by 240 million shares at par value of 1 ruble.
Therefore, Aktivinvest consolidated 10.86% of the parent company's shares with the said transaction.
OJSC KuibyshevAzot (tax number: 6320005915) is the leading producer of caprolactam in the CIS and Eastern Europe, one of the 10 largest caprolactam produces worldwide. Today, KuibyshevAzot is the leading manufacturer of polyamide-6 in the CIS and Eastern Europe and the only enterprise in the Russian Federation producing cord fabric on the basis of high tenacity yarns.
IFRS net profit of KuibyshevAzot for 2012 dropped 2.3-fold to RUB 2.082 billion. Revenue decreased by 5% to RUB 31.27 billion from RUB 32.92 billion, operating profit twice to RUB 3.25 billion from RUB 6.535 billion.
According to the information and retrieval system DataCapital, RAS net profit of KuibyshevAzot for January-September 2013 fell by 22% to RUB 2.099 billion. Revenue picked up slightly to RUB 20.496 billion against RUB 20.443 billion the year before. Sales profit decreased by 30% to RUB 2.961 billion from RUB 4.238 billion.