On February 21, CJSC BusinessAlliance increased its equity position in JSC Marienergosbyt to 7.1%, Marienergosbyt informed.
Prior to this increase, BusinessAlliance owned 4.5% of the power supply company's authorized capital.
Marienergosbyt (tax number: 1215099739) is an electric power supply company selling electric power to consumers in the Mari El Republic. Group of Companies TNS Energo LLC owns a controlling stake in it.
IFRS net profit of JSC Marienergosbyt for 2012 was RUB 246.375 million against a loss of RUB 125.402 million the year before. Revenue decreased by 8.25% to RUB 6.018 billion from RUB 6.559 billion, operating profit was RUB 343.118 million against a loss of RUB 112.424 million in 2011, pre-tax profit was RUB 322.226 million against a loss of RUB 126.064 million.
RAS net profit of JSC Marienergosbyt for Q1 2013 increased 3.39-fold to RUB 121.155 million from RUB 35.692 million for Q1 2012. Revenue decreased by 26.33% to RUB 1.497 billion from RUB 2.032 billion.
According to the DataCapital information retrieval system, RAS net profit of Marienergosbyt for 2012 dropped 5.09-fold to RUB 20.166 million from RUB 102.6 million in 2011. Revenue decreased by 10.88% to RUB 5.919 billion from RUB 6.641 billion, sales profit increased by 86.82% to RUB 360.465 million from RUB 192.952 million in 2011, pre-tax profit shrank 3.8-fold to RUB 41.494 million from RUB 158.313 million.