OJSC Irkutskenergo acquired a 55.1848% equity stake in OJSC EnSer. Prior to this transaction, Irkutskenergo had no shares EnSer, the buyer informed.
It will be recalled that the acquisition of 27,597,402,597 common shares in EnSer for a total amount of RUB 1.7 billion was approved at the session of Irkutskenergo's Board of Directors on May 31.
OJSC 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 OJSC 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 OJSC Irkurtskenergo for H1 2013 dropped by 21.54% to RUB 4.726 billion from RUB 6.023 billion the year before. Revenue decreased by 3.06% to RUB 36.073 billion from RUB 37.211 billion, sales profit by 2.53% to RUB 7.502 billion from RUB 7.696 billion, pre-tax profit by 20.82% to RUB 6.029 billion from RUB 7.615 billion.
OJSC EnSer (OJSC UralAZ-Energo, tax number: 7415036215) is an energy service company principally engaged in the supply of electricity, heat power and other power resources in Miass (Chelyabinsk region).
RAS net profit of OJSC EnSer (UralAZ-Energo) for 2012 dropped 3.85-fold to RUB 23.638 million from RUB 91.09 million the year before. Revenue decreased by 32.11% to RUB 1.306 billion from RUB 1.924 billion, sales profit 2.59-fold to RUB 35.477 million from RUB 91.773 million, pre-tax profit 4.29-fold to RUB 25.985 million from RUB 111.59 million.