The revenue from the additional issue of shares of the automobile manufacturer GAZ amounted to 655.684m rubles ($21.43m). As a result, the company's authorized capital increased by 18.9 percent to 7.093m rubles (about $232,000), the press service of GAZ reported. The issue was carried out in the period from July 17 to August 23, 2003. Some 1.128m shares were placed at 581 rubles ($18.9) per share. The raised funds will be spent on developing production and implementing investment projects.
GAZ's net income in the first half of this year was 180m rubles ($5.9m) against 259m rubles ($8.5m) in losses in the first half of 2002. The company's revenue was 17.42bn rubles ($570m) in the first six months of 2003, which was 2.9-percent growth compared to the corresponding period of last year.
GAZ produced 89,080 automobiles in the first six months of 2003, including 67,879 trucks and 21,201 cars.
The Russian Defence Ministry acknowledged that the Americans treat Russian military men in Syria with respect. The Americans always warn Russia accordingly, but not Israel
After the incident with the shootdown of the Ilyushin Il-20 reconnaissance aircraft over the Mediterranean Sea, Russia will supply an S-300 anti-aircraft missile system to Syria
Indeed, how dare they run US-independent policy? They should have followed the example of the European Union that turned independent states of the Old World into US-ditto entities