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6-month net loss of AVTODIZEL down 15.95 times

RAS net loss of J-S.C. AVTODIZEL (YaMZ) for H1 2014 decreased 15.95 times to RUB 34.504 million from RUB 550.176 million the year before, the company reported.

Revenue increased by 3.01% to RUB 8.588 billion from RUB 8.337 billion, sales profit was RUB 362.323 million against a loss of RUB 200.893 million, loss before tax decreased 21.34-fold to RUB 33.189 million from RUB 708.402 million.

Joint-Stock Company AVTODIZEL (Yaroslavl Motor Plant) / J-S.C. AVTODIZEL (YaMZ) (part of GAZ Group, tax number: 7601000640) was established in 1916. The company develops and produces diesel engines and multi-purpose power units, clutch units, transmission units.

The company's authorized capital is RUB 779.675 thousand represented by 2,338,888 common and 779,812 preferred shares at par value of RUB 0.25. State-owned corporation Rostec owns 30.99% of the company's authorized capital (41.32% of its common shares).

According to the DataCapital information retrieval system, RAS net loss of J-S.C. AVTODIZEL (YaMZ) for Q1 2014 decreased by 14.16% to RUB 178.794 million from RUB 207.581 million the year before. Revenue dropped by 10.91% to RUB 3.952 billion from RUB 4.436 billion, sales loss 3.16-fold to RUB 4.251 million from RUB 13.432 million, loss before tax by 19.83% to RUB 224.76 million from RUB 280.339 million.

"AK&M", 20.08.2014


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