Uralmashzavod’s revenues drop by over 1.5bn RUR in January-September 2014

24 November 2014 (09:25)

November 24, 2014. Uralmashzavod’s revenues amounted to 3,407,701,000 RUR in January-September 2014 against 5,175,847,000 RUR in January-September 2013, the company’s official statement goes.

The enterprise incurred 945.648m RUR worth of losses in these nine months, compared with 453.577m RUR a year earlier. No profit was made in January-August 2014, even though the negative payoff did go down to 1,771,116,000 RUR.

The company keeps laying off staff: the plant employed 3,521 people by the end of the first half of the year, yet by September, 172 more employees had to go.

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