Stroy-Garant LLC reduced its equity position in OJSC Volgogradenergosbyt to 29.297% from 31.2969%, Volgogradenergosbyt informed.
Stroy-Garant is controlled by Alexander Ivannikov who acquired indirect control over 31.2969% of the shares in Volgogradenergosbyt in June 2013. Earlier, this stake belonged to Volgograd-based OJSC InvestCompany.
OJSC Volgogradenergosbyt (tax number: 3445071523) was established in 2005. Its core business is the purchase of electric power in the wholesale electricity market and its sale in the retail market to business and other consumers, in particular, to socially significant entities and the population in Volgograd region under power supply contracts.
According to the information and retrieval system DataCapital, RAS net loss of OJSC Volgogradenergosbyt for 2012 (RAS) was RUB 232.468 million against a profit of RUB 21.877 million the year before. Revenue decreased by 1.9% to RUB 19.299 billion from RUB 19.672 billion, sales profit by 21.42% to RUB 438.024 million from RUB 557.437 million, loss before tax was RUB 250.442 million against a profit of RUB 48.677 million.
RAS net profit of OJSC Volgogradenergosbyt for Q1 2013 dropped 4.99-fold to RUB 3.328 million from RUB 16.609 million the year before. Revenue decreased by 8.46% to RUB 5.179 billion from RUB 5.658 billion.