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Russian Silicon relies to increase share capital.

Krasnoyarskaya GES BOD approved the 620mln rub. worth contribution into the share capital of Russia Silicon, the company informed.

The loan contract with EvroSibEnergo-Consult has been amended up to 500mln rub. till Apr. 2015 at 9% ann.

Russian Silicon is a producer of plastic and synthetic resin.
The Company (TIN 2446000322) is rated as the second in list of the largest GESs in Russia and one of ten in the world by the capacity (6000MW ). The average generation is equal to 18.25bn kWh which can cover half of the regional needs in the energy.

The 9-month 2013 net profit (RAS) increased 50.65% to 1.835bn rub. from 1.218bn rub. prior year; revenues - 15.91% to 11.044bn rub. from 9.529bn rub.; profit from sales - 35.14% to 2.237bn rub. from 1.656bn rub.; pretax profit - 46.74% to 2.385bn rub. from 1.625bn rub.

The IH 2013 net profit declined (IAS) 43.14% to 779.399mln rub. from 1.371bn rub. prior year period; revenues - 10.98% to 2.089bn rub. from 2.347bn rub.; operating profit - 32.5% to 874.716mln rub. from 1.296bn rub.; pretax profit - 40.7% to 1.012bn rub. from 1.707bn rub.

"AK&M", 02.04.2014


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