Terneyles Reduced its Operating Profit by 55,9%
OREANDA-NEWS. August 06, 2013. In the 2Q of 2013, Russian lumber producer Terneyles (Primorsky Krai, Russia) reduced its sales profit by 55.9% to 219.1 million rubles year-on-year (USD 6.65 million), as the company said in statement.
In the same period, net profit of the company declined by 30.2% to 205.7 million rubles (USD 6.24 million) compared to the same period last year.
The company's revenue declined by 10.4% to 2.2 billion rubles (USD 66.8 million).
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