KAMAZ reduced 3 times the quarterly loss under RAS
OREANDA-NEWS. KAMAZ in I quarter of 2015 got a net loss under RAS in the amount of 463,264 million Rubles, which is three times less than the loss of the company for the same period in 2014, when it was 1.366 billion Rubles.
The company's revenue for the period fell by 22.7% to 13.916 billion Rubles, says the agency "Finmarket". Cost of sales decreased by 22.45% to 13.108 billion Rubles. Gross profit fell by 26.8% to 807.860 million Rubles. Loss on sales rose by 25.6% to 1.034 billion Rubles.
Long-term debt of the company as of March 31st, 2015 increased by 11.3% to 15.679 billion Rubles; the long-term liabilities increased by 9.5% to 19.171 billion Rubles. Short-term borrowings decreased by 24.2% to 8.433 billion Rubles, accounts receivable - by 22.2% to 21.061 billion Rubles. Total current liabilities decreased by 21.8% to 30.857 billion Rubles.
In 2014, the net loss of KAMAZ under RAS was 423,55 million Rubles against the net profit of 2.056 billion Rubles a year before. The company explained the deterioration of the financial indicators by the changes in foreign currency, which increased the loss of KAMAZ by 2,718 billion Rubles.
Комментарии