The Central Bank of Russia revoked the license held by Silovye Mashiny (Silmash), the company informed.
It concerns the license on the export contract settlements in Egyptian pounds due to its expiration.
Silovye Mashiny Concern (TIN 7702080289) is a producer of the equipment for hydraulic, heat, gas and atomic power plants and railway facilities. It involves Leningradsky Metal Plant, Electrosila, Turbine Bucket Plant, Kaluzhsky Turbine Plant and Energomashexport as a sale company. The equipment made at the entities was installed at different objects in 87 countries.
The share capital is worth 87.089mln rub. split in 8708938708 common stocks of 0.01 rub. par. A.Mordashov consolidated 55% through Highstat Limited held by Interros and UES earlier. Then, he increased the stake to 70.06%. Dec. 1, 2011, 25% in Silmash were sold to Highstat by Siemens.
The 2011 net profit (IAS) rose 26.36% to $323.044bn prior year; revenues - 1.69% to $1.702bn; gross profit - 15.91% to $569.606mln; EBITDA - 22.2% to $443.86mln; costs declined 4.22% to $1.133bn.
The 9-month 2012 net profit (RAS) dropped 2.51% to 6.707bn rub. from 6.88bn rub. prior year period; revenues being down 16.25% to 29.242bn rub. from 34.916bn rub.; profit from sales - 2.58% to 7.879bn rub. from 8.088bn rub.; pretax profit - 2.59% to 8.058bn rub. from 8.272bn rub.