Ildar Khalikov holds session of OAO Tatspirtprom Board

On August 2 Tatarstan Prime Minister Ildar Khalikov held a regular board session of OAO Tatspirtprom on election of the Board Chairman, results of company’s financial and economic activity for the first half of 2013, and implementation of investment projects.

In accordance with the Order of the Ministry of Land and Property, Ildar Khalikov was appointed Tatspirtprom Board Chairman.

Members of the Board heard the report of Alfiya Kayumova, company’s financial director, on results of financial and economic activity for the first half of 2013.

Thus, the output of alcohol products increased by 37 % and made 4 147 decalitres, the production plan was fulfilled for 108 %.

There is a positive tendency in sales of domestic brands in Russian regions, 478 decalitres were sold in the first half of 2013. Export accounted for 14.8 thousand decalitres.

Tatspirtprom distilleries produced 1 176 decalitres of alcohol. The industrial production index made 131%. Receipts from sales, works and services increased by 46 % and made 2 933 mln rubles.

For the first half of 2013 Tatspirtprom transferred 7 216 mln rubles of taxes to budgets of all levels.

Net profit for the first half of 2013 made 207 mln rubles.

Tatspirtprom Director General Kupriyanov G.F. reported on implementation of investment programmes.

Members of the Board made a decision to speed up construction of distillery with production capacity of 10 000 decalitres per 24 hours on the territory of company’s branch “Usadsky distillery”. The production is to be launched in the first quarter of 2014.

Summing up, members of Tatspirtprom Board positively estimated company’s financial and economic activity for the reporting period.