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The Management Board of “MOSTOSTAL-EXPORT” S.A. headquarters in Warsaw, Obrzezna St. No. 5 informs that the Ordinary General Shareholders’ Meeting of “MOSTOSTAL-EXPORT” S.A. is convened on 30th June 2010, at 12 am in Company’s headquarters.
Mostostal-Bis-Development started selling of his latest residential investment on Wola quarter in Warsaw. Modern designed building is a seven-storey house with a 2 underground floors. An offer embraces 30 two - and three-rooms flats with a range of 46,2 m2 – 83,8 m2 with a comfortable payment system “10/90″. The project is already ready and had been completely financed from own resources.
Mostostal-Bis-Development (belonged to Mostostal-Export) started selling flats in multifamily dwelling at 10 St.Stanislaw street on Wola quarter in Warsaw. Own clients proposed 30 two - and three-rooms flats with a range of 46,2 m2 – 83,8 m2.
Mostostal-Export signed an annex with OOO „STK.StrojTechnologia” and OOO „Mosstrojprom” in Moscow increasing the value of contracted works on building works performance and the fittings supply of office and administrative object’s of a higher standard in the centre of Moscow by the value of PLN 43,08 mln. Total value of contract amount now 64,65 mln. The project will finished in the IV quarter of 2009.
MOSTOSTAL-EXPORT signed a contract in Moscow with MEGAPOLIS-TELEKOM S.A. concerning the construction of telecommunications network in Moscow District (the Russian Federation); the amount of the contract is in EUR 15 000 000 (PLN 68 070 000). The works will begin in the III quarter of 2009 and will take two years.
Mostostal-Export signed a contract with OOO „Rusniefteprodukt Inżiniring” in Moscow concerning the building and installation works at the construction of installation to process the hydrocarbon raw materials in Ulan-Hol, Kałmykia Republic (the Russian Federation); the amount of the contract is in EUR 15 000 000 (PLN 67 410 000). The beginning of the works are foreseen on II quarter of the 2009 and it’s going to take one year.
The management board of Mostostal-Export reduced to 172 million (was PLN 200 mln) forecast last year’s earnings. The forecast results from necessity of change of bank funding one of the project realized in the area of Russian Federation because of bad financial standing of this bank. New consortium funding project has been already bound. Revenues by this virtue should be included to results of the first quarter of 2009.
In January the 29th Mostostal-Export signed an agreement with ZAO “Karneol” company concerning the construction-assembly work at construction the administrative-commercial building with underground car park. The value of contract signed in Jekaterinburg (Russian Federation) amounted PLN 71,5 mln (EUR 16,5 mln). Works will start in 2nd quarter of 2009 and will take 18 months.
Mostostal-Export since January 2008 wasn’t and isn’t currently a party of any currency contract (option, futures, forward) and otherwise didn’t participate in such contracts (market and non-market).
MOSTOSTAL-EXPORT signed a contract with OOO “STK.StrojTechnologia” and OOO “”Mosstrojprom” on works construction performing and the delivery of equipping the administrative-office building about the higher standard located in the centre of Moscow (the Russian Federation). Contract is RUB 208.565.178 (PLN 21.398.787) worth
