Novozybkovsky Engineering Plant signed a guarantee contract with Absolut Bank in favor of RusNefteTrans, the company informed.
The credit line contract stipulates 495mln rub. in the limit and 13.3% ann. in the interest. The deal was approved by BOD at the sitting July 30.
Novozybkovsky Engineering Plant (TIN 3204001047) was formed through the restructuring of Induktop Plant within the privatization. It provides design works, assembling and installation of equipment.
The IQ 2014 net profit (RAS) increased 2.6 fold to 7.441mln rub. from 2.858mln rub.; revenues being up 6.88 fold to 369.487mln rub. from 53.671mln rub.; profit from sales - 3.73 fold to 20.014mln rub. from 5.361mln rub.; pretax profit - 2.68 fold to 8.947mln rub. from 3.338mln rub.