Lena Gold, Russia's gold producer, increased in January-September 2005 its net profit by 19 times up to RUR 259733.9 thou.
This increase is connected with sales of the shareholdings of the companies that used to belong to Lena Gold, they are Sukhoi Log, Vitimservice, LZDT, Lengeo, Vitimenergo, Vitim-Baikal,Pervenets.
The sales reveue of the company decreased down to RUR 16.3 mln ? by 72.2%.
On October 1, 2?5, the resources of gold at Lena Gold companies amounted to 100392 kg. The total quota for gold mining of the holding in 2005 is 7979 kg, in the first nine months of the year the companies mined 5247.2 kg of the precious metal.
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Lena Gold Company Announced Profit Increase
This increase is connected with sales of the shareholdings of the companies
