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Volgogradsky Magnesium Plant gets credit.

Krasnoyarskaya GES BOD approved the 159mln rub. worth credit contract with Volgogradsky Magnesium Plant till June 2017 at 10% ann., the company informed.

The upper limit is fixed at 207.179mln rub.
BOD approved a decision made by GES as by the one holder on the transfer of 9% (9.9ths rub.) held by En + Silicon Holdings Ltd. to Russian Silicon.

The Company (TIN 2446000322) is rated as the second in list of the largest GESs in Russia and one of ten in the world by the capacity (6000MW ). The average generation is equal to 18.25bn kWh which can cover half of the regional needs in the energy.

The 2013 net profit (RAS) was doubled to 3.068bn rub. from 1.397bn rub. prior year; revenues - 24.14% to 15.56bn rub. from 12.534bn rub.; profit from sales - 94.44% to 3.834bn rub. from 1.972bn rub.; pretax profit - 2.11 fold to 3.98bn rub. from 1.885bn rub.

The IH 2013 net profit declined (IAS) 43.14% to 779.399mln rub. from 1.371bn rub. prior year period; revenues - 10.98% to 2.089bn rub. from 2.347bn rub.; operating profit - 32.5% to 874.716mln rub. from 1.296bn rub.; pretax profit - 40.7% to 1.012bn rub. from 1.707bn rub.

"AK&M", 10.06.2014


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