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14/04/2014
09:03
IFRS net profit of Sollers for 2013 down 37.96%

IFRS net profit of SOLLERS OJSC for 2013 decreased by 37.96% to RUB 3.625 billion from RUB 5.843 billion the year before, the company reported.

Revenue decreased by 6.46% to RUB 61.317 billion from RUB 65.549 billion, profit from operations by 27.66% to RUB 5.241 billion from RUB 7.245 billion, EBITDA by 16.53% to RUB 6.387 billion from RUB 7.652 billion, EBITDA margin to 10.4% from 11.7%.

Sollers (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.

IFRS net profit of SOLLERS OJSC for H1 2013 dropped by 35.19% to RUB 1.691 billion from RUB 2.609 billion the year before. 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.

According to the DataCapital information retrieval system, RAS net profit of SOLLERS OJSC 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.



"AK&M", 14.04.2014

 

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