Russian Technologies Group sold its 50.67% share in the authorized capital of OJSC Lytkarino Optical Glass Factory to Schwabe LLC, the enterprise informed.
OJSC Lytkarino Optical Glass Factory (tax number: 5026000300) is a diversified enterprise of Russia's optical industry, one of the companies contributing to the national security.
According to the information and retrieval system DataCapital, net profit (RAS) of OJSC Lytkarino Optical Glass Factory for January-September 2012 decreased by 18.48% to RUB 51.518 million from RUB 63.194 million the year before. Revenue rose by 8.88% to RUB 1.398 billion from RUB 1.284 billion, sales profit decreased by 12.19% to RUB 80.908 million from RUB 92.136 million, pre-tax profit by 17.45% to RUB 67.521 million from RUB 81.796 million.
Rostec (the state-owned company Russian Technologies) established in November 2007 is meant to provide assistance to Russian entities of various industries in the development, manufacture and marketing of hi-tech goods domestically and abroad, in carrying out applied R&D to explore promising technologies and in adopting advanced techniques for production to boost the quality of domestic technologies, to reduce the time and cost of their development.
Rostec comprises over 550 enterprises representing various economy sectors. Among them are such Russian companies as FSUE Rosoboronexport, United Engine Corporation, Russian Helicopters, VSMPO-AVISMA Corporation, Urals Optical & Mechanical Plant, Ruselectronics, AvtoVAZ, KAMAZ, Skartel (using the Yota brand) etc.