18 June 2004 01:42
Severstal-Auto consolidated net profit up 40%
MOSCOW. June 18 (Interfax) - Severstal-Auto saw its consolidated net profit grow almost 40% to 886 million rubles in
2003, against 635 million rubles in 2002, the company's consolidated audited financial report to IAS for 2003
says.
Consolidated revenues to IAS in 2003 were 19.385 billion rubles, against 15.366 billion rubles in 2002. Cost of sales
was 14.758 billion rubles against 12.507 billion rubles in 2002.
Severstal-Auto had gross profits to IAS in 2003 of 4.627 billion rubles, against 2.859 billion rubles the previous
year. Operating profits were 1.923 billion rubles against 953 million rubles in 2002.
Severstal-Auto owns a controlling share package in the Ulyanovsk Automobile Plant and in the Zavolzhsky Motor Plant.
[RU ASIA EUROPE EEU EMRG RES CORA AUT] rm
[Interfax] |
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