OREANDA-NEWS On 08 October was announced, that Sevkabel Holding settled the RUR 100mln  worth contracts at the Sochi 2009 Forum.

Sevkabel Holding is working in the sector of the cable and fibre optic production. It was set up in 2003 to involve Sevkabel, Moldavkabel, BelElectrokabel, Agrokabel Plant, Microprovod Plant, Donbasskabel and Sevkabel KAT, Sevgeokabel, Sevkabel Optic and subs for the production of logging cables (Geofizkabel and Sevmorkabel), research institute, logistic company and 11 trade representations in CIS and EU.

From 2000 summer the Company is under control of G.Makarov, president, and his family. The share capital is worth 559.455ths rub. split in 559455 common stocks of 1 rub. par.

The 9-month net profit (RAS) reached 1.446mln rub.; revenues - 3.313bn rub.

The 2008-net profit (RAS) declined 96% to 2.02mln rub. from 56.228mln rub. prior year; revenues moved down 19.7% to 4.148bn rub. from 5.167bn rub.