The net profit of Russian holding Sibirsky Cement more than doubled to RUB1.642bn in 2007 from RUB739.090m in 2006, as calculated under Russian Accounting Standards (RAS), the company said in a report obtained by Prime-Tass Thursday.
 
The company’s revenue more than doubled to RUB2.515bn in 2007 from RUB1.131bn in 2006. Pretax profit more than doubled to 2.185 billion rubles from RUB981.239m.
 
As of December 31, the company’s assets amounted to RUB4.167bn, up 27% from December 31, 2006.
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