OJSC Belebeevskiy Zavod Avtonormal sold its 15.81% equity stake in OSVAR, JSC, the latter company informed informed.
Before the sale, BelZAN owned 790,671 common shares in OSVAR.
OSVAR, JSC (tax number: 3303001023) is a Russian producer of automobile lighting equipment.
According to the DataCapital information retrieval system, RAS net loss of OSVAR for January-September 2013 was RUB 174.48 million against a profit of RUB 29.767 million the year before. Revenue increased by 7.57% to RUB 886.259 million from RUB 823.865 million, sales profit decreased by 8.46% to RUB 40.019 million from RUB 43.719 million, loss before tax was RUB 216.587 million against a profit of RUB 38.311 million.
OJSC Belebeevskiy Zavod Avtonormal (BelZAN, Republic of Bashkortostan, tax number: 0255010527) specializes in the manufacture of fixing arrangements and standardized products for the automotive and construction industry. The basic consumers of its goods are OJSC AvtoVAZ and OJSC KAMAZ.
According to the DataCapital information retrieval system, the company's RAS net profit for 2012 grew by 90.59% to RUB 198.244 million from RUB 104.017 million for 2011. Revenue increased by 2.5% to RUB 5.081 billion from RUB 4.957 billion, sales profit by 33.96% to RUB 397.079 million from RUB 296.425 million, pre-tax profit by 83.84% to RUB 256.291 million from RUB 139.411 million.