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RNT BOD holds sitting in Oct 4
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Tuesday, 02 Oct 2012
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Russian Navigation Technologies BOD is going to hold a sitting October 4th 2012 to consider the notes release deal. The amendments to the articles of NovaTekh as of a sub also will be discussed.

Russian Navigation Technologies provides development, production and introduction of GPS and GLONASS monitoring and AutoTracker transport control. It was set up in 2005 on the basis of RUSLAN Communications. VTB Asset Management is a major holder. Now RNT is the largest monitoring systems producer in Russia. It has divisions in 46 regions.

The 2011 net profit increased 18.4% to RUB 67.639 million from RUB 57.146 million prior year consolidated revenues moved up 49% to RUB 664.833 million from RUB 446.231 million gross profit 60.3% to RUB 309.503 million from RUB 193.084 million pretax profit 20.3% to RUB 81.198 million from RUB 67.472 million.

Source - AK&M

(www.steelguru.com)

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