Kryukovsky Carriage Building Increases Net Income By 77% To USD 29.3 mln

Net income grew despite the fact production volume dropped by 9% in 2005. The company plans to direct USD 15.3 mln for CapEx, and USD 5.3 mln to its reserve fund. USD 8.7 mln will be distributed as dividends (USD 0.15 per share). Kryukivsky also decided to increase its charter fund by USD 16.5 mln to USD 16.9 mln. The emission is related to revaluation of fixed assets. The company plans to issue 112.46 mln of shares at USD 0.15 par. No subscription for the additional share issue will be made. Concorde Capital: Kryukovsky has recently received a large order for 2.5 ths freight carriages from Ukrzaliznytsya, which upset other producers, who claimed that Ukraine’s railway transportation monopoly was being biased. Ukrzaliznytsya denies these allegations.