Irkutskenergo IAS net consolidated profit up 50.8 fold to 346.2 mln rbl.
25 June 2004 12:13
Irkutskenergo boosted its consolidated net profit 50.8 fold on year to 346.236 mln rbl in 2003 from 6.814 mln rbl in 2002, according to the IAS consolidated report audited by Ernst & Young (CIS) Limited.
Pretax profit (with minors share) climbed 2 fold to 636.416 mln from from 308.244 mln rbl, operating profit increased to 821.988 mln rbl, 2 fold up on year (vs. 387.989 mln rbl). Tax payments (except profit tax) lowered by 10% to 1,208.756 mln rbl from 1,348.347 mln rbl. Gross profit narrowed 4.9% to 2,283.852 mln from 2,400.797 mln rbl. Sales prime cost totalled 12,487.769 mln rbl, 16.4% up on year (10,730.083 mln rbl). Sales under the core activities increased 12.5% to 14,771.621 mln rbl from 13,130.88 mln rbl.
Irkutskenergo lowered its receivables over the year by 21.5% to 1,274.428 mln rbl from 1,622.926 mln rbl, payables widened 7.3% to 943.051 mln rbl from 878.679 mln rbl.
The company has 4,766,807,700 rbl in stock capital, 476,680,770 common stocks with 1 rbl par each were released. Russia's government holds 40%, RUSAL and SUAL control around 50%. |
