Revenues for 2008 CSW was 23.6 billion rubles
At the annual general meeting of shareholders of OJSC Russian utility system, which was held on 30 June, was approved by the annual report of the company for the year 2008. Major financial and economic and industrial performance utility holding company described as stable, the annual volume of investments has increased compared to 2007 by 21%.
In 2008, the amount of revenue for the whole group of JSC Russian communal system was 23.696 billion rubles. The company has maintained a positive financial result, completing the year with a profit of 319 million rubles. The average profitability of all activities amounted to approximately 1.89%.
In connection with the 2008 reorganization, the conclusion of assets from the management of JSC SW and sending them to sister companies RKS volume business utility holding company has declined slightly, which influenced the slight decline in gross revenues and profits. At the same time, the volume of investment, and RCC was significantly increased by the end of the year 1,378.6 million rubles (over the entire period of activity - 4.2 billion rubles). The largest investments came at JSC Vladimirsky utility system and NOVOGOR-Kama.
Despite the continuing problem of high wear and tear of fixed assets of municipal infrastructure life at sites served by a group of subsidiaries and dependent companies of OAO RCS, in the past year has been reduced accidents: water utilities at the sites - 10%, in the electric sector -- 11% of heating systems - 23%.
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