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6-month RAS net profit of Gai MMW down 25.02%

RAS net profit of OJSC Gai MMW for H1 2014 decreased by 25.02% to RUB 300.388 million from RUB 400.626 million the year before, the company reported.

Revenue decreased by 1.04% to RUB 8.185 billion from RUB 8.271 billion, sales profit by 34.96% to RUB 810.337 million from RUB 1.246 billion, pre-tax profit by 23.31% to RUB 414.019 million from RUB 539.858 million.

Open Joint-Stock Company Gai Mining and processing Co JSC (OJSC Gai MMW, official Russian name: Gaisky GOK, tax number: 5604000700) is a large Russian mining enterprise developed on the basis of the same-name deposit which is the key ore base of UGMK-Holding with 76% of copper deposits of Orenburg region. The enterprise ranks second largest copper producer in Russia.

The authorized capital of Gai MMW is RUB 308.8 thousand represented by 617,698 common shares at par value of RUB 0.5.

According to the DataCapital information retrieval system, RAS net profit of OJSC Gai MMW for Q1 2014 decreased 16.21-fold to RUB 32.389 million from RUB 525.048 million the year before. Revenue decreased by 4.91% to RUB 4.013 billion from RUB 4.22 billion, sales profit by 31.98% to RUB 617.54 million from RUB 907.89 million, pre-tax profit 11.77-fold to RUB 54.766 million from RUB 644.327 million.

"AK&M", 13.08.2014


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