Net income of AFK “System” went down on results 2008 in 25 times as compared to a previous year, reported in the report of company. Volume of income, expected on US GAAP, made 62 million dollars. Thus the profit yield of company grew on a 24,3 percent a to 16,7 milliard of dollars, and an operating profit did not change, being 3,2 milliard of dollars. A performance margin here appeared at the level of 19 percents. The assets of company were for a year increased on a 2,7 percent.On
to the words of president of company Leonid Melameda, organization was able yet to beginning of crisis on financial markets to translate part of dollar debt in roubles, that enabled to lower dependence on the vibrations of rates of exchange. "System", created
in 1993, – the largest in Russia and CIS the public diversifyed corporation, attendant more than 100 million users in such industries, as telecommunications, high-tech, TEK and petrochemistry, radio and space technologies, bank business, real estate,
retail business, mass-media, tourism and medical services.It should be noted that the income of the most Russian companies in 2008 went down notedly. It was caused by a global financial crisis, and also considerable price decline on raw material commodities and materials,
reports Lenta.ru. We will remind that in April «System» after $2,5 bought a milliard back controlling interests in 5 companies of Bashkir Teka ("Bashneft’", "Ufimskiy NPZ", "Novoyl", "Ufaneftekhim" and "Bashkirnefteprodukt"), increasing a stake in companies to 65,8-87,2%
capital.
