Nov 23, 2004. /Lesprom Network/. Russian North-West Timber Industry Company reduced 3Q net profits 84% to RUR 104 thousand compared to the same year-to-date period in 2003. Net profits in 9 months of 2004 were estimated at RUR 104 467 , earnings – RUR 1 758 553 393.

 

 

RUR million

3Q
2004

3Q
2003

Change
3Q 04 / 3Q 03

9 months of 2004

Earnings

1,758

1,617

8%

1 758,553

Gross profits

0,80

0,83

-4%

80,546

Net profits

0,104

0,636

-84%

0,104

 

NWTIC (Saint-Petersburg, Russia) heads a vertically integrated group of industrial enterprises which comprises: Nemansky pulp and paper enterprise (Kaliningrad region), Kamennogorskaya offset paper factory (Leninigrad region), Velsky glued wooden products mill (Arkhangelsk region).