VSPMO-Avisma increased titanium production to 29,000 tons

VSPMO-Avisma Corporation presents its operational results for 2013. It increased titanium production from 26,242 tons to 28,855 tons. The share of deep processing items increased as well; stamping items yield increased by 23%. VSPMO-Avisma increased revenue by 13% to 46.131 billion rubles, operational profit by 13% to 11.696 billion rubles, net profit by 2% to 7.451 billion rubles. The ratio of net profit growth was much slower in comparison to those of revenue, due to negative difference in currency exchange rates because of ruble devaluation.