RAS net profit of OJSC Izhneftemash for H1 2014 was RUB 25.439 million against a loss of RUB 46.465 million the year before, the company reported.
Revenue increased by 23.4% to RUB 1.028 billion from RUB 833.088 million, sales profit was RUB 49.666 million against a loss of RUB 54.722 million, pre-tax profit was RUB 35.055 million against a loss of RUB 58.255 million.
OJSC Izhneftemash (Izhevsk Plant of Oil Engineering, tax number: 1835012826) is part of Rimera, the oilfield services unit of ChTPZ Group. The company specializes in the production of the oil and gas production equipment for drilling, infrastructural development and workover of oil and gas wells and for the oil production. The company produces over 40 kinds of oilfield equipment and a wide range of related spare parts. Also, it provides current maintenance and all kinds of repair services through a network of specialized service centers.
According to the DataCapital information retrieval system, RAS net profit of Izhneftemash for Q1 2014 was RUB 5.282 million against a loss of RUB 14.085 million the year before. Revenue increased by 3.38% to RUB 467.085 million from RUB 451.792 million, sales profit was RUB 18.868 million against a loss of RUB 18.704 million, pre-tax profit was RUB 8.838 million against a loss of RUB 18.875 million.