Net profit of Zvezda OJSC under RAS totals RUR 9.7 mln in Q1 08

In the first quarter of 2008, net profit of Zvezda OJSC under Russian Accounting Standard amounted to RUR 9.7 against the loss in the same period of the previous year, the company informs. Zvezda OJSC is Russia’s leading manufacturer of light high-speed diesel engines for shipbuilding industry, railway transport and general industrial application, as well as diesel-generators and automated electric power plants for bulk, standby and emergency power supply. Control stock of the company (72%) is held by financial industrial group High-Speed Fleet (Moscow).