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    AKRN   RU0009028674

PUBLIC JOINT STOCK COMPANY ACRON

(AKRN)
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Public Joint Stock Acron : Partomchorr Transfers RUB 141 Million to Apatity Budget

11/19/2021 | 03:23am EST

Mining Company Partomchorr (part of Acron Group) and the Apatity city administration entered into a social and economic partnership agreement to maintain and improve social opportunities and public infrastructure in Apatity. Under this agreement, Partomchorr transferred RUB 141.4 million (USD 1.99 million) to the city budget.

Of that total, the city will spend just over RUB 95 million to construct an indoor football pitch with the goal of increasing the number of available sports facilities and promoting sports and healthy lifestyles in the area.

Road safety is another top project, garnering RUB 21.5 million of the total allocation, followed by school infrastructure, on which the Apatity city administration will spend approximately RUB 17 million.

In addition, RUB 4.8 million were allocated for the renovation of the gymnasium at the Yegorov community centre. Partomchorr also channelled funds for building new playgrounds, athletic fields and urban landscaping.

Mining Company Partomchorr is developing the Partomchorr deposit in Murmansk region. The mining licence, initially obtained in 2006 by North-West Phosphorus Company, another member of Acron Group, passed to Partomchorr in 2016. Since the start of cooperation, agreements with Acron Group companies have brought the local budget over RUB 1 billion, including RUB 350 million for maintaining the area's sports facilities.

Disclaimer

Acron OAO published this content on 19 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2021 08:22:08 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 2 749 M - -
Net income 2021 871 M - -
Net Debt 2021 1 017 M - -
P/E ratio 2021 6,66x
Yield 2021 5,35%
Capitalization 5 737 M 5 724 M -
EV / Sales 2021 2,46x
EV / Sales 2022 1,40x
Nbr of Employees -
Free-Float 5,71%
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Mean consensus HOLD
Number of Analysts 2
Last Close Price 156,08 $
Average target price 152,01 $
Spread / Average Target -2,61%
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Managers and Directors
Vladimir Yakovlevich Kunitsky Chief Executive Officer
Aleksey Vladislavovich Milenkov Finance Director
Alexander Valerievich Popov Chairman
Yury Nikolayevich Malyshev Senior Independent Director
Nikolay Bagratovich Arutyunov Senior Independent Director
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