AutoVAZ: 15.8bn RUR in net loss
2 November 2015 (09:26)
UrBC, Moscow, November 2, 2015. The net loss of AutoVAZ (calculated in accordance with the IAS) came to 15.8bn RUR in the nine months of 2015, Finmarket refers to the company report as stating.
The car maker’s revenues dropped by 2.9%, down to 131.2bn RUR, while the cost of sales rose by 2.9%, up to 133.1bn RUR. Gross loss was registered at 1.8bn RUR (against 5.8bn RUR in gross profit a year earlier).
The company’s management costs went up by 7%, up to 8.6bn RUR, while its selling expenses increased by 19.5%, up to 3.2bn RUR, and its R&D expenses by 39%, up by 1.2bn RUR.
Pre-tax loss increased by 12.1%, up to 16.7bn RUR.
The car maker’s revenues dropped by 2.9%, down to 131.2bn RUR, while the cost of sales rose by 2.9%, up to 133.1bn RUR. Gross loss was registered at 1.8bn RUR (against 5.8bn RUR in gross profit a year earlier).
The company’s management costs went up by 7%, up to 8.6bn RUR, while its selling expenses increased by 19.5%, up to 3.2bn RUR, and its R&D expenses by 39%, up by 1.2bn RUR.
Pre-tax loss increased by 12.1%, up to 16.7bn RUR.
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