OREANDA-NEWS. The loss of OJSC “Power Machines” under the Russian Accounting Standards (RAS) in January-September 2006 has made 492,841 million roubles, or 21,7 % more than parameter of analogous period of the last year which totalled 405,048 million roubles.

According to AK&M, the proceeds of OJSC “Power Machines” for nine months of 2006 reduced by 3,6 % to 10,23 billion roubles from 10,61 billion roubles at growth of the cost price up to 7,95 billion roubles from 7,23 billion roubles.

The loss from sales has made 271,13 million roubles against 1,04 billion roubles in January-September 2005. The loss before taxation increased in 3,3 times - up to 621,55 million roubles from 186,4 million roubles.

Power Machines is the Russia’s leading manufacturer and supplier of equipment for hydro, steam, gas and nuclear power plants. It also produces transport and railway equipment for transmission and distribution of electric power. Power Machines unites Leningradsky Metallichesky Zavod (LMZ), Electrosila, Scientific and Development Association on Research and Design of Power Equipment named after I.I. Polzunov (NPO CKTI), Kaluga Turbine Works (KTZ), Turbine Blades’ Plant (ZTL), Energomachexport (EME). The equipment produced by the enterprises of the concern is installed at various objects in 87 countries of the world. The portfolio of orders of “Power Machines” in 2005 has exceeded $1,5 billion, almost 20 % more than in 2004.