Sep. 4 Silmash signed the general agreement with Sberbank on the launching of the evergreen credit line, the company informed.
The limit is set at 12bn rub.; the credit period expires in Sep. 2016.
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. In 2007 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 2012 net profit (IAS) rose 16.81% to $377.337mln from $323.044mln prior year; revenues - 23.02% to $2.095bn from $1.703bn; operating profit - 30.43% to $487.339mln from $373.647mln; pretax profit - 18.08% to $460.6mln from $390.084mln; EBITDA - 25.85% to $558.603mln from $443.86mln.
The IQ 2013-net profit moved down 29.31% (RAS) to 1.659bn rub. from 2.347bn rub. prior year; the revenues being down 17.24% to 8.53bn rub. from 10.307bn rub.