Nov 24, 2004. /Lesprom Network/. Russian Selenginsky pulp and cardboard enterprise (Buriatia Republic, owned by Continental Management) increased 3Q net loss 119% to RUR 46 450 million compared to 2Q index.
|
RUR million |
3Q 2004 |
2Q 2004 |
1Q 2004 |
Change |
Change |
|
Earnings |
750.920 |
0.253 |
0.258 |
296% |
-2% |
|
Gross profits |
44.544 |
0.003 |
0.018 |
148% |
-84% |
|
Net loss |
-46.450 |
-0.039 |
-0.007 |
119% |
557% |
According to the corporate report, the earnings as well as the drastic increase of loss were affected by the investments in the modernization of cardboard machine 2.
The main types of production are pulp, cardboard, corrugated tare, timber chemical and ????? painting goods, home and agricultural goods, heat and electric energy production and distribution.
The main source of raw materials are supplied by own timber enterprises, as well as by private timber manufacturers.
