3Q net profits by Permsky up 122%
4. 3Q profits of Permsky veneer enterprise increased 122% to RUR 76.839 million in 2004 compared to the prior period in 2003 (RUR 34.557 million). 3Q net profits reduced 31% compared to 2Q profits in 2004. According to the report published by Permsky, the reduction of 3Q profits compared to 2Q profits was caused by the increase in operating expense and overhead costs.
Nov 17, 2004. /Lesprom Network/. 3Q profits of Permsky veneer enterprise increased 122% to RUR 76.839 million in 2004 compared to the prior period in 2003 (RUR 34.557 million). 3Q net profits reduced 31% compared to 2Q profits in 2004. According to the report published by Permsky, the reduction of 3Q profits compared to 2Q profits was caused by the increase in operating expense and overhead costs.
Due to the reduction of 3Q net-fixed and working capitals, the company's assets reduced by 20.9% or RUR 287.829 million to RUR 1090.933 million compared to the 2Q indices.