ChTPZ Group’s net profit comes to nearly 190m in six months

1 October 2014 (12:45)

October 1, 2014. In the first half of 2014, ChTPZ Group’s net profit (calculated in accordance with the IAS) reached 189m RUR, with net margin rising to 0.3%, the Group reports.

Revenues declined by 3% in the six months of 2014 compared with the first half of 2013 and came to 53,964m RUR.

The Group’s gross profit increased by 17% and its EBITDA went up by 8%, reaching 10,393m RUR. The EBITDA margin rose by 2% and stood at 19.3%.

‘Despite the gloomy economic and industrial factors at play, ChTPZ Group still made 189m RUR worth of profits in the six months of 2014 against 311m RUR worth of losses in the six months of 2013; besides, we had a positive net operating cash flow of 4,417m RUR (compared with 497m RUR in the first half of 2013). This was made possible due to cutting prime costs and raising sales of high-margin products,’ the Group says.

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