May 26, 2005. /Lesprom Network/. Kotlassky pulp and paper enterprise (Arkhangelsk region, Russia) increased 1Q profits 21.2% to RUR 369777 thousand in 2005 compared to the same year-to-date period in 2004. 1Q gross profits – up 49.7% to RUR 961930 thousand, earnings – up 20.9% to RUR 2715269 thousand.

 

In 2004 earnings increased 16.9% to RUR 9.713 billion, gross profits – up 41.9% to RUR 3.168 billion, net proftis – up 265% to RUR 907551 thousand.

 

 

RUR thousand

2003

2004

Change

2004/03

1Q
2004

1Q
 2005

Change
 1Q 05 /
1Q 04

Earnings

8 312 718

9 713 854

16.9%

2 245 757

2 715 269

20.9%

Gross profits

2 232 903

3 168 049

41.9%

642 655

961 930

49.7%

Net profits

248 707

907 551

265%

167164

369 777

21.2%

 

According to the corporate rpeort, in 2004 earnings went up due to the sales increase.