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6-month RAS net profit of Irkutskkabel down 58.6 times

RAS net profit of OJSC Irkutskkabel for H1 2014 decreased 58.59-fold to RUB 1.66 million from RUB 97.255 million the year before, the company reported.

Revenue decreased by 6.84% to RUB 3.255 billion from RUB 3.494 billion, sales profit 2.23-fold to RUB 120.258 million from RUB 267.85 million, pre-tax profit dropped 45.58 times to RUB 2.822 million from RUB 122.988 million.

As a production plant, Irkutskkabel (tax number: 3821000937) was founded in 1966 by decision of the Council of Ministers of the USSR to construct a plant to produce non-insulated wires for overhead power transmission lines and power cables with aluminum conductors. The plant was privatized in 1992.

According to the DataCapital information retrieval system, RAS net profit of Irkutskkabel for Q1 2014 decreased 34.05-fold to RUB 1.043 million from RUB 35.517 million the year before. Revenue decreased by 6.63% to RUB 1.394 billion from RUB 1.493 billion, sales profit by 49.1% to RUB 59.599 million from RUB 117.087 million, pre-tax profit 26.86-fold to RUB 1.682 million from RUB 45.186 million.

"AK&M", 14.08.2014


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