Russian infrastructure recovery boosts Mostorest’s results

By Steve Skinner20 May 2010

Russian contractor Mostorest reported 2009 sales of RUR 33,2 billion (€ 852 million), up +16% on 2008 with pre-tax profits of RUR 3,3 billion (€ 86 million).

General director Vladimir Vlasov said, "Growth in 2009 was due to the expansion of the company's portfolio of construction projects and especially major state commissioned infrastructure projects, as well as increased productivity and profitability.

"I believe that Mostorest's 2009 results indicate that recovery is already well underway in the Russian infrastructure sector," he said.

During 2009 Mostorest secured contracts on some of Russia's key infrastructure projects such as the M-4 Don motorway, the fourth Moscow ring road and a number of projects in Sochi related to the 2014 Winter Olympic Games.

Latest News
Yanmar begins production at new engine plant
Initial capacity at Tamil Nadu, India, facility will be 80,000 diesel engines a year
Modulift opens new warehouse
The new facility will offer its European customers with a next day delivery service
Caterpillar reveals fourth quarter sales results
Construction sector reports 27% rise in sales in fourth quarter of 2021