On October 29, JSC Irkurtskenergo acquired 77 common shares of Vukelich Limited (Cyprus) at par value of EUR 1 from En+ Coal Limited (Cyprus), Irkutskenergo informed.
The combined contractual value of this transaction and the previous acquisition by Irkutskenergo of 143 Vukelich shares from En+ Coal is RUB 2.273 billion.
This transaction was approved at a session of the Board of Directors of Irkutskenergo on October 25, 2013.
Irkutsk Joint Stock Company of Energetics and Electrification (JSC Irkurtskenergo, tax number: 3800000220) is the largest coal-processing energy company in Russia including heat power plants and hydroelectric power plants as well as heat distribution networks, coal strip mines, transportation enterprises, repair works and a preparation plant. The company's installed capacity is 12.9 GW including HPPs with an installed capacity exceeding 9 GW, The total output capacity of coal strip mines (hard and brown coal) is 18.4 million tpa.
IFRS net profit of JSC Irkurtskenergo for H1 2013 dropped by 38.64% to RUB 3.89 billion from RUB 6.34 billion in H1 2012. Revenue grew by 6.54% to RUB 42.425 billion from RUB 39.819 billion, operating profit decreased by 27.4% to RUB 5.954 billion from RUB 8.201 billion, pre-tax profit by 28.09% to RUB 5.442 billion from RUB 7.568 billion.
According to the information and retrieval system DataCapital, RAS net profit of JSC Irkurtskenergo for 9 months 2013 dropped by 20.23% to RUB 6.587 billion from RUB 8.257 billion for the same period in 2012. Revenue decreased by 6.8% to RUB 48.989 billion from RUB 52.562 billion, sales profit by 5.91% to RUB 10.088 billion from RUB 10.722 billion, pre-tax profit by 21.18% to RUB 8.263 billion from RUB 10.482 billion.
AK&M "M&A Market"
"AK&M", 30.10.2013 13:23