IFRS net profit of OJSC Sollers for H1 2013 dropped by 35.19% to RUB 1.691 billion from RUB 2.609 billion the year before, the company reported.
Revenue decreased by 11.46% to RUB 27.418 billion from RUB 30.967 billion, profit from operations by 23.96% to RUB 2.615 billion from RUB 3.439 billion, EBITDA by 20.69% to RUB 3.121 billion from RUB 3.935 billion.
Sollers Group (tax number: 3528079131) unites Ulyanovsk Automobile Plant, Zavolzhye Engine Plant (official name: Zawolzhsky Motorny Zawod), Sollers – Naberezhniye Chelny (former Minicar Plant) and other production assets manufacturing Korean off-road cars SsangYong, motor cars and commercial cars of Fiat, Japanese Isuzu trucks. Besides, the company is developing a network of dealing centers and runs its own leasing department. The major shareholder of Sollers is its general director Vadim Shvetsov who owns 58% of shares.
According to the information and retrieval system DataCapital, RAS net profit of OJSC Sollers for H1 2013 was RUB 671.909 million against a loss of RUB 856.812 million the year before. Revenue dropped 2.61-fold to RUB 96.092 with RUB 250.539 billion, sales loss decreased by 3.86% to RUB 615.864 million from RUB 640.577 million, pre-tax profit was RUB 866.311 million against a loss of RUB 1.058 billion.