Port-Active acquires 50% stake in M-Port
On July 20, 2007 the shareholders of Port-Active CJSC held an extra shareholders meeting where the deal on 50% stake acquisition in M-Port LLC was approved, said in the company's announcement.
The par value of the stake makes 1.502 bln rub. M-Port is the company where the shares of VSCP were transferred. The company is controlled by the two principal shareholders of the port -Port-Active OJSC and Magnitogorsk plant.
Vladmortorgport specializes in the handling of bulked, liquid, timber cargoes and general cargoes, including containers. The port has 16 berths.
Vladmortorgport's authorized capital totals RUB 176.73 mln. The company has placed 1767313113 ordinary shares of RUB 0.1 par.
In 2006, VMTP handled 4037.3 th tons of cargoes, which is 37.9% lower y-o-y.
Vladmortorgport's net profit under RAS rose to 25.3 mil rub in IQ 2007, in relation to the loss in the amount of 12.7 mil rub in IQ 2006.
VMTP decreased revenues by 5.6% to 255.7 mil rub. Gross profit rose by 26% to 91.9 mil rub. Products prime cost decreased by 17.3% to 163.7 mil rub
The par value of the stake makes 1.502 bln rub. M-Port is the company where the shares of VSCP were transferred. The company is controlled by the two principal shareholders of the port -Port-Active OJSC and Magnitogorsk plant.
Vladmortorgport specializes in the handling of bulked, liquid, timber cargoes and general cargoes, including containers. The port has 16 berths.
Vladmortorgport's authorized capital totals RUB 176.73 mln. The company has placed 1767313113 ordinary shares of RUB 0.1 par.
In 2006, VMTP handled 4037.3 th tons of cargoes, which is 37.9% lower y-o-y.
Vladmortorgport's net profit under RAS rose to 25.3 mil rub in IQ 2007, in relation to the loss in the amount of 12.7 mil rub in IQ 2006.
VMTP decreased revenues by 5.6% to 255.7 mil rub. Gross profit rose by 26% to 91.9 mil rub. Products prime cost decreased by 17.3% to 163.7 mil rub