OREANDA-NEWS. June 09, 2010. JSC TVEL is closing its financial statements for 2009.

Revenues from sales in production, works and services in the previous year amounted to 58,264.08 million roubles (1,492.19 million euro) which is 12.1% more than in 2008.

The main factor affecting the amount of revenues was the growth of revenues from sales of the fuel assemblies for NPPs in Russia (by 31.6%) and non-CIS countries (by 13%). The relative share of the fuel assemblies manufactured for Russian NPPs within the overall amount of assemblies sold in 2009 was 41% and for foreign NPPs 59%.

Based on 2009 financial statements, TVEL's profit before tax was 11,367 million roubles (291.12 million euro). Net profit was 9,023 million roubles (231.09 million euro) which is 2,471 million roubles (63.28 million euro) more than the figures from the previous year adjusted for the influence of earnings amounting to 23,374 million roubles (598.63 million euro) received in 2008 as a result of transactions with stocks of the mining enterprises.

Compared to the net profit of the JSC TVEL in 2007 which was 5,825 million roubles (149.18 million euro), net profit of the company grew more than 1.5 times in two years. During the reported year, increase in net assets of the company amounted to 12,252,676 thousand roubles (313,801.86 thousand euro) - achieving the figure of 77,492,676 thousand roubles (1,984,143.69 thousand euro).

The dynamics of the company's net assets value throughout all years of its operation remains positive.