IFRS net profit of SC Izhorskiye Zavody for H1 2014 decreased 4.11-fold to RUB 84.101 million from RUB 345.248 million the year before, the company reported.
Revenue decreased by 35.54% to RUB 4.526 billion from RUB 7.021 billion, operating profit by 48.64% to RUB 347.353 million from RUB 676.285 million, pre-tax profit 2.93-fold to RUB 127.191 million from RUB 372.741 million.
Stock Company Izhorskiye Zavody (tax number: 7817005295) has been part of OMZ since 1998. It is a modern enterprise making high-quality products for power engineering, ship-building, electrical engineering and other enterprises.
The authorized capital of the company is RUB 664.37 million represented by 1,308,186 common shares and 352,729 preferred shares at par value of RUB 400.
IFRS net profit of Izhorskiye Zavody for 2013 grew by 13.05% to RUB 1.159 billion from RUB 1.333 billion for 2012. Revenue decreased by 2.28% to RUB 16.347 billion from RUB 16.729 billion, operating profit by 23.25% to RUB 1.786 billion from RUB 2.327 billion, pre-tax profit by 36.17% to RUB 1.193 billion from RUB 1.869 billion.
According to the DataCapital information retrieval system, RAS net loss of SC Izhorskiye Zavody for H1 2014 was RUB 50.141 million against a profit of RUB 166.752 million the year before. Revenue decreased by 97.42% to RUB 1.864 billion from RUB 3.68 billion, sales loss was RUB 217.649 million against a profit of RUB 382.146 million, loss before tax was RUB 55.079 million against a profit of RUB 201.843 million.