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6-month RAS net profit of VSMPO-AVISMA grows 22.87%

RAS net profit of VSMPO-AVISMA Corporation for H1 2014 grew by 22.87% to RUB 4.61 billion from RUB 3.752 billion the year before, the company reported.

Revenue increased by 12.34% to RUB 25.059 billion from RUB 22.307 billion, sales profit by 18.79% to RUB 6.999 billion from RUB 5.892 billion, pre-tax profit by 23.96% to RUB 5.758 billion from RUB 4.645 billion.

Public stock company VSMPO-AVISMA Corporation (tax number: 6607000556) is the largest worldwide manufacturer of titanium products (ingots and all kinds of titanium alloy-based semi-finished products). Also, the corporation produces aluminum alloy-based pressed articles, semi-finished products based on alloy steel and heat resistant nickel-based alloys. The company's two main production facilities are located in cities Verkhnyaya Salda and Berezniki.

The company is part of state-run corporation Rostec (previous name: Russian Technologies).

VSMPO-AVISMA Corporation's authorized capital of RUB 11.53 million is represented by 11,529,538 common shares at par value of 1 ruble.

According to the DataCapital information retrieval system, RAS net profit of VSMPO-AVISMA for Q1 2014 decreased by 14.65% to RUB 1.596 billion from RUB 1.87 billion the year before. Revenue increased by 15.05% to RUB 12.451 billion from RUB 10.822 billion, sales profit by 15.21% to RUB 3.318 billion from RUB 2.88 billion, pre-tax profit decreased by 13.46% to RUB 2.013 billion from RUB 2.326 billion.

"AK&M", 15.08.2014 10:12


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