RAS net profit of JSC RUSNANO for 9 months 2018 was RUB 2 billion, the company informed.
Revenue for the accounting period was RUB 14.2 billion, gross profit amounted to RUB 5.5 billion.
It should be noted that RUSNANO's RAS net loss for the 9-month period in 2017 decreased twice year-on-year to RUB 5.97 billion. Revenue was RUB 18.8 billion growing almost 3 times year-on-year. Incomes from investments reached RUB 9 billion.
In January-September 2018, the company's cumulative operating expenses decreased to RUB 3.1 billion, due to a reduction in administrative expenses by more than 22% to RUB 2.7 billion, among other things.
JSC RUSNANO (tax number: 7728131587) was established in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. Its mission is to pursue the state policy in the sphere of nanotechnologies co-investing in nanotechnology projects with a promising economic or social outlook. The company's priorities are: optoelectronics, nanoelectronics, mechanical engineering, metal working, solar power, healthcare, biotechnologies, energy-efficient solutions and nanostructured materials.
The company's authorized capital is RUB 53.742 billion. It consists of 53,741,700,000 common shares with a face value of 1 ruble. The Russian Federation holds 100% of RUSNANO shares.
RAS net profit of JSC RUSNANO for Q1 2018 was RUB 0.7 billion against a loss of RUB 3.442 billion in Q1 2017. Revenue increased 3.6 times year-on-year to RUB 3.8 billion from RUB 1.043 billion. Gross profit for the accounting period grew 3.5 times to RUB 3.3 billion against RUB 923.349 million.
IFRS net profit of JSC RUSNANO for H1 2018 reached RUB 2.2 billion against a loss of RUB 4.4 billion in the first half of 2017. 6-month earnings from the investment portfolio increased 1.8 times year-on-year to RUB 4.3 billion. In the reporting period, the company reduced loan interest expenses by RUB 1.5 billion against the first half of 2017, which is attributable, among other things, to a debt load reduction by RUB 4.9 billion. The company spent RUB 14.6 billion on loan debt servicing, including RUB 8.6 billion spent on the principal repayment (RUB 1.5 billion more than in H1 2017), RUB 4.9 billion in debt repaid before maturity.
"AK&M", 01.11.2018 15:28