On May 16, CJSC Business Alliance withdrew from OJSC Yaroslavskaya Sbytovaya Kompaniya selling its 6.27% stake, YSK informed.
At the same time, OJSC GC TNS energo increased its equity position in Yaroslavl-based company to 98.38% from 89.65%.
The core business of OJSC Yaroslavskaya Sbytovaya Kompaniya (YSK, English: Yaroslavl Power Sale Company, tax number: 7606052264) is the distribution of electricity.
IFRS net profit of YSK for 2012 grew by 41.66% to RUB 355.068 million from RUB 250.641 million the year before. Revenue increased by 0.68% to RUB 12.396 billion from RUB 12.312 billion, operating profit by 30.93% to RUB 630.086 million from RUB 481.246 million, pre-tax profit by 42.03% to RUB 468.566 million from RUB 329.914 million
According to the DataCapital information retrieval system, RAS net profit of YSK for 2013 dropped 3.81 times to RUB 64.325 million from RUB 245.125 million in 2012. Revenue increased by 12.16% to RUB 14.005 billion from RUB 12.487 billion, sales profit decreased 3.47-fold to RUB 197.559 million from RUB 685.379 million, pre-tax profit 3.58-fold to RUB 92.658 million from RUB 331.312 million.
RAS net profit of YSK for Q1 2014 increased 3.01-fold year-on-year to RUB 181.888 million from RUB 60.428 million. Revenue increased by 6.44% to RUB 4.114 billion from RUB 3.865 billion.