OREANDA-NEWS. The company Sollers plans a net profit under IFRS for 2015, said Deputy General Director of Sollers, Nikolai Sobolev.

"We believe that the group should finish in 2015, including through new agreements with Ford by option, because it [joint venture], of course, will be recognized as an asset that we have on the balance sheet - accordingly, we expect that for 2015 the group will not have losses,"- the newspaper" Vedomosti " cited Mr.Sobolev.

Previously, the group reported that Ford gained the control of the joint venture Ford-Sollers, by acquiring preferred shares. In turn, Sollers had the right to demand the repayment from Ford of its stake in the joint venture for an amount not less than 135 million Dollars.

Net loss of group Sollers under IFRS for 2014 was 3.736 billion Rubles against the profit of 3.578 billion Rubles of a year before. In fact, the group got a loss due to the loss of participation in the Ford-Sollers joint venture in amount of 10.929 billion Rubles. Mr.Sobolev noted that the company aims to reduce its debt burden.