OAO Volga net income made up RUR1 billion in 2005
6. Net income of OAO Volga, Nizhny Novgorod region, Russia, made up RUR1 billion by earnings of RUR7 billion in 2005.
Apr 24, 2006. /Lesprom Network/. Net income of OAO Volga, Nizhny Novgorod region, Russia, made up RUR1 billion by earnings of RUR7 billion in 2005, Volga CEO Alexander Sonin informed at a press-conference.
Now the enterprise conducts an Euro 200 million investment program that is aimed at modernization and meant for 2005-2010. At the current stage, Euro 9.5 million are invested and a Euro 19 million contract for equipment supply is signed.