At the GAZ special meeting Oct. 25 the holders decided to elect new BOD members, as it was informed.
GAZ Group (TIN 5200000046) is the largest car maker in Russia. It was founded in 2005 through the restructuring of Ruspromavto. The Group involves OAO GAZ, 18 car making entities, sale and servicing structures. The headquarters is in N.Novgorod.
The share capital is worth 19.97mln rub. split in 18520260 common and 1453500 preferred stocks of 1 rub. par. Russian Machines holds 61.05%.
The IQ 2013 net losses (RAS) increased 10.06 fold to 835.226mln rub. from 83.064mln rub.; revenues rose 17.18% to 5.148bn rub. from 10.333bn rub.; profit from sales being down 16.02% to 686.556mln rub. from 4.751bn rub.; pretax losses being up 6.04 fold to 903.915mln rub. from 149.617mln rub.
The 2012-net profit (IAS) climbed up 2.95% to до 8.751bn rub. from 8.5bn rub.; revenues declined 4.5% to 126.952bn rub. from 132.445bn rub.; EBITDA gained 14.3bn rub.; EBITDA margin gained 11.2%.