Mordovenergosbyt BOD approved the credit line contract with Vozrozhdenie Bank in the volume of 100mln rub., the company informed.
The one-year contract will be released at 12.4% ann. The funds will be spent to refill current assets. The approval of the credit agreement with YuniCredit Bank was postponed.
The Company (TIN 1326192645) was formed in 2005 through the withdrawal within the Mordovenergo restructuring. It covers 100% on the regional market.
The 2013-net losses (RAS) gained 42.635mln rub. vs. 6.499bn in profit prior year; revenues being up 6.96% to 4.754bn rub. from 4.445bn rub.; losses from sales coming to 12.612mln rub. vs. 40.059mln rub. in profit; pretax profit - 40.716mln rub. vs. 30.272mln rub. in profit.