E-Malt.com News article: 3749

Russia: OAO Vena brewery based in St. Petersburg widened 9-month net profit 2.2 fold on year to 549.2 mln rbl during 9 months vs. 249.5 mln rbl in January-September of 2003, the company showed in the documents. The revenues increased 25.2% to 3.32 bln rbl from 2.66 bln rbl, prime cost rose 19.4% to 1.53 bln rbl from 1.28 bln rbl. Gross profit increased 30.6% to 1.79 bln rbl from 1.37 bln rbl, pretax profit rose 2.2 fold to 625.97 mln rbl from 289.27 mln rbl, according to The Gateway To Russia.

9-month sales widened 20% on year to 1.478 mln hl, first of all for the account of Neva and Tuborg sales. In particular, with Tuborg Green launched on the market, Tuborg sales manifested 84% growth.

The receivables climbed 2 fold from early this year to 602.6 mln rbl at close of September from 290.25 mln rbl early 2004. Aggregate long-term loans slid 6.6% to 2.48 bln rbl from 2.65 bln rbl. Short term loans stood at 17 mln rbl as of Oct. 1. The payables increased 8.6% to 497.4 mln rbl from 458 mln rbl.

OAO Vena has 213,389,400 rbl in stock capital. Sweden Baltic Beverages Holding holds 99.99%.


01 December, 2004