Russian Financial Control Monitor

YEKATERINBURG. VSMPO Avisma will remain profitable this year, the titanium company's general director, Mikhail Voyevodin, told the media. 'We plan to gain net profit of RUR8bn ($242.9mn, or €182.1mn) on revenue of RUR44.5bn,' he said. As for the debt burden, the company’s current debt is around $1bn, Voyevodin said. 'We have formed a balanced loan portfolio, which fully meets our expectations,' he added.

MOSCOW. Metalloinvest, controlled by billionaire Alisher Usmanov, has sold the Sladkovsk-Zarechnoye oil and gas deposit in the Orenburg Region for RUR4.047bn ($125mn). The licence, which was purchased in late 2008, was sold by Metalloinvest's mining subsidiary Mikhailovsky GOK in July to an unnamed buyer, the miner said on its website.

2023-10-08 11:42:18