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Motovilikhinskie Plants reduced losses.

The IH 2014 net losses at Motovilikhinskie Plants moved down 13.47% (RAS) to 680.393mln rub. from 786.331mln rub. prior year, the company informed.

The revenues increased 23.11% to 1.147bn rub. from 931.721mln rub.; losses from sales declined 37.49% to 343.061mln rub. from 548.801mln rub.; pretax losses - 10.69% to 788.361mln rub. from 882.771mln rub.

The Plant (TIN 5906009273) keeps metallurgic complex and engineering divisions for the production of the equipment used in the oil/gas sector, building and military spheres in line with the defense-oriented Rosoboronexport.

The 9-month 2013 net losses (RAS) moved up 4.2 fold to 1.436bn rub. from 342.013mln rub. in profit; revenues declined 2.7 fold to 1.552bn rub.

from 4.194bn rub.; losses from sales gained 840.123mln rub. vs. 393.724mln rub. in profit; pretax losses rose 4.05 fold to 1.436bn rub. from 354.702mln rub.

The IQ 2014 net losses moved down 9% to come to 445.993mln rub. from 490.059mln rub. prior year; revenues increased 35.56% to 503.209mln rub.

from 371.219mln rub.; losses from sales being halved to 186.28mln rub. from 426.885mln rub.; pretax losses - 0.38% to 527.464mln rub. from 529.494mln rub

"AK&M", 30.07.2014


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