In H1, Kuibyshevazot reduces its net profit under IAS by 26%
Edited by Rhod Mackenzie / 2014-08-25 07:02:20
In the first six months, Kuibyshevazot made the net profit under IAS in the amount of 1.07 billion rubles. This figure declined by 26% as compared with the previous year, the company reports.
The Kuibyshevazot’s proceeds from sale were 16.52 billion rubles against 15.89 billion rubles in the previous year. At the same time, the prime cost of the production increased by 9% to 12.39 billion rubles.
In the reporting period, the total profit decreased by 10% to 4.13 billion rubles. The operating profit fell by 15.6 percentage points, made up 1.58 billion rubles. The pretax profit decreased from 1.79 to 1.38 billion rubles.
