Volga net income was RUR 790.56 million in January-September 2005
5. Volga net income was RUR 790.56 million in January-September 2005 versus a net loss of RUR 16.586 million in the corresponding period of 2004, company reported.
Nov 18, 2005. /Lesprom Network/. Volga net income was RUR 790.56 million in January-September versus net loss of RUR 16.586 million in the corresponding period in 2004, company reported.
Sales proceeds rose 14.3% to RUR 5077.865 million, prime cost - 5.5% to RUR 3 581.676 million, gross profit - 42.6% to RUR 1 496.189 million, avails climbed 5.2 times to RUR 1 055.672 million, profit before taxes - 17.7 times to RUR 1 033.306 million. Enterprise's account payable increased from the beginning of the year by 54.6% to RUR 266.795 million, accounts receivable - by 46% to RUR 1 280.523 million.
According to the company, sales proceeds in first nine months 2005 rose due to favorable conditions on newsprint market and higher prices on the end products.