Russia's OMZ (Uralmash-Izhora Group) increased its equity position in OJSC Izhorskiye Zavody to 84.81% from 69.91%, OMZ informed.
OMZ increased its direct holding of Izhorskiye Zavody common shares to 1,883,669 from 1,552,645.
OMZ (literal translation: United Heavy Machinery Plants, tax number: 6663059899) is one of the leading companies in the heavy machine-building industry specializing in the engineering, production, sales and service maintenance of the equipment for the atomic energy, petrochemical, oil and gas, mining industries. Also, the company focuses on the production of special steels and providing industrial services. OMZ Group operates production sites in Russia and the Czech Republic. The group is under control of Gazprombank.
According to the DataCapital information retrieval system, RAS net loss of OMZ for January-September 2013 grew 10.34-fold to RUB 431.565 million from RUB 41.757 million the year before. Revenue decreased by 3.31% to RUB 1.547 billion from RUB 1.6 billion, sales loss increased by 71.86% to RUB 257.363 million from RUB 149.751 million, loss before tax 11.88-fold to RUB 470.73 million from RUB 39.632 million.
According to the DataCapital information retrieval system, IFRS net profit of OMZ for H1 2013 grew 6.03-fold to RUB 428.239 million from RUB 70.987 million the year before. Revenue decreased by 6.4% to RUB 13.027 billion from RUB 13.918 billion, profit from operations increased 3.14-fold to RUB 1.201 billion from RUB 381.958 million, pre-tax profit 7.43-fold to RUB 732.007 million from RUB 98.564 million.
OJSC 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 H1 2013 grew by 35.89% to RUB 345.248 million from RUB 254.066 million the year before. Revenue decreased by 7.2% to RUB 7.021 billion from RUB 7.566 billion, profit from operations increased by 5.32% to RUB 676.285 million from RUB 642.151 million, pre-tax profit decreased by 20.28% to RUB 372.741 million from RUB 467.578 million.
According to the DataCapital information retrieval system, RAS net profit of OJSC Izhorskiye Zavody for January-September 2013 grew 2.11-fold to RUB 445.533 million from RUB 211.284 million the year before. Revenue decreased by 20.52% to RUB 5.765 billion from RUB 7.253 billion, sales profit increased by 17.97% to RUB 762.964 million from RUB 646.737, pre-tax profit 2.1-fold to RUB 542.848 million from RUB 258.374 million.