Stroytransgaz to post profit for this year

Interfax, 25.05.2011

PJSC Stroytransgaz plans to post profit at the end of 2011, the company's head, Sergei Makarov, told journalists on Wednesday.

"We might post profit for 2011 thanks to a combination of factors," he said.

Makarov, for example, cited the development of the company's overseas projects.

Stroytransgaz has posted losses for the last several years. The company's net losses last year came to 6.73 billion rubles for 2009, a figure that shrank to 4.7 billion rubles for 2010.

The company earlier said it had profit of 517.7 million rubles for the first quarter of 2011.

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