27 May 2004 08:44
NEVSKY ZAVOD 2003 NET PROFIT DROPS 64%
2003 2002
Sales revenue 713 832 309 343
Product costs 678 331 239 692
Gross profits 35 550 69 651
Sales profits 32 268 18 515
Pretax profits 5 595 6 957
Net profits 1 799 5 026
The company's accounts payable increased from 123.794 million
ST. PETERSBURG. May 27 (Interfax) - St. Petersburg-based energy equipment-maker Nevsky Zavod saw its net profits for
2003 drop 64.2% to 1.799 million rubles, a company statement reports. Main financial indicators for Nevsky Zavod in 2003
(1,000 rubles)
rubles on January 1, 2003, to 308.217 million rubles on the same date this year. Its accounts receivable rose from
83.617 million to 176.127 million rubles.
Nevsky Zavod is a major Russian producer of energy equipment such as gas turbines that can produce up to 16 mWt of
power, steam turbines, compressor machinery and superchargers.
Its main shareholders are General Aviation AG (Lichtenstein) with 40.43%, Demag Delaval International GmbH (Germany)
with 28% and the former Russian Federal Property Fund with 20%.
[Interfax] |
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