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OMZ B.V. increases equity stake in OMZ to 20.33%

OMZ B.V. (the Netherlands) increased its equity position in Russia-based OMZ (Uralmash-Izhora Group) to 20.33% from 18.92%, OMZ informed.

The Dutch company's holding of common shares increased to 58,990,060 from 54,890,220.

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 information and retrieval system DataCapital, 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 information and retrieval system DataCapital, 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.

"AK&M", 21.01.2014


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