In 2014, RosGeo can increase revenue by 15%

In 2014, RosGeo can increase revenue by 15% to 10.4 billion rubles, the Vice CEO for Economics and Finance, I. Silina says. Income from geological exploration activity of the company shares 95% in total revenue. RosGeo is going to increase net profit to 260 million rubles and EBITDA to 940 million rubles.

The forecast EBITDA is 9%, and profitability by net profit is 2.5%.

RosGeo did not make public its consolidated results in EBITDA and net profit before.

The forecast growth in revenue is explained by enlargement in the contract base, optimization and re-distribution of the priority work and more intensive work in Eastern Siberia and the Far East.

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