OREANDA-NEWS. RAS loss of GAZ increased 1.8 times up to 1.044 billion roubles in the first quarter of 2015 as compared to the same period of the previous year. GAZ statements include automotive component production activity without automotive vehicle production. 

During the period under review the company’s proceeds decreased 1.8 times to 2.353 billion roubles, cost of sales reduced 1.7 times to 2.503 billion roubles, decline in gross profit was 1.8% to 149.9 million roubles. Operating loss increased 2.7 times up to 685.5 million roubles, Prime agency reports. Account payable of the company came up to 1.656 billion roubles vs. 1.78 billion roubles at the end of 2014.