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Silmash delivers equipment to Argentina

Silmash and Central Piedra Buena S.A. (Pampa Energia Holding) signed the contract on the blades shipment for the steam turbine of Piedra Buena TES, the company informed.

Silmash won the tender due to the best technical decision.
The shipment is assumed to start in IQ 2018.
Silovye Mashiny Concern (TIN 7702080289) is a producer of the equipment for hydraulic, heat, gas and atomic power plants and railway facilities. It involves Leningrad Metal Plant, Electrosila, Turbine Bucket Plant, Kaluga Turbine Plant and Energomashexport as a sale company. The equipment made at the entities was installed at different objects in 87 countries.

The share capital is worth 87.089mln rub. split in 8708938708 common stocks of 0.01 rub. par. In 2007 A.Mordashov consolidated 55% through Highstat Limited held by Interros and UES earlier. Then, he increased the stake up to 70.06%. Dec. 1, 2011, 25% in Silmash were sold to Highstat by Siemens.

The IH 2017-net losses (IAS) reached $30.736mln vs. $4.764mln rub. in profit; revenues declined 4.95% to $524.928mln from $552.28mln rub.; operating profit - 2.62 fold to $27.265mln from $71.34mln; pretax losses coming to $36.634mln vs. $5.293mln in profit prior year period.

The 9-month 2017 net losses (RAS) rallied up 75.62% to 3.589bn rub.

from 2.044bn rub.; revenues declined 6.35% to 31.571bn rub. from 33.713bn rub.; losses from sales gained 919.42mln rub. vs. 2.86bn rub. in profit; pretax losses increased 75.92% to 4.706bn rub. from 2.675bn rub.

"AK&M", 14:17, 09.11.2017 1251 AKM,COR


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