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Silmash increased net profit.

The 2013-net profit at Silmash moved up (RAS) 9.67% to 9.579bn rub.

from 8.734bn rub., the company informed.
The revenues declined 0.25% to 43.491bn rub. from 43.598bn rub.; profit from sales being up 1.65% to 11.552bn rub. from 11.364bn rub.; pretax profit

- 9.53% to 11.602bn rub. from 10.593bn rub.
Silovye Mashiny Concern (TIN 7702080289) is a producer of the equipment for hydraulic, heat, gas and atomic power plants and railway facilities. It involves Leningradsky Metal Plant, Electrosila, Turbine Bucket Plant, Kaluzhsky Turbine Plant and Energomashexport as a sale company. The equipment made at the entities was installed at different objects in 87 countries.

The share capital is worth 87.089mln rub. split in 8708938708 common stocks of 0.01 rub. par. In 2007 A.Mordashov consolidated 55% through Highstat Limited held by Interros and UES earlier. Then, he increased the stake to 70.06%. Dec. 1, 2011, 25% in Silmash were sold to Highstat by Siemens.

The IH 2013 net profit (IAS) rose 21.41% to $190.519mln from $156.92mln prior year; revenues - 5.81% to $979.049mln from $925.279mln; operating profit - 21.55% to $219.197mln from $180.335mln; pretax profit - 20.52% to $228.829mln from $189.864mln; EBITDA - 18.97% to $279.283mln from $234.757mln.

The 9-month 2013 net profit moved down 4.5% (RAS) to 6.405bn rub. from 6.707bn rub. prior year; the revenues being down 3.04% to 28.352bn rub. from 29.242bn rub.; profit from sales - 6.28% to 7.384bn rub. from 7.879bn rub.; pretax profit - 4.47% to 7.698bn rub. from 8.058bn rub.

"AK&M", 20.02.2014


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