Nizhny Novgorod car manufacturing plant doubled its loans in Q1
Edited by Rhod Mackenzie / 2015-05-13 04:42:48
The Nizhny Novgorod car manufacturing plant (NMZ OJSC, in the structure of “Concern PVO Almaz-Antei”) in Q1 2015 increased the volume of loans from 11.606 to 23.326 bln roubles (+100.9%), is said in the company’s quarter report.
Simultaneously the debtor indebtedness fell by more than a third – from 9.492 to 6.24 bln roubles.
The revenue of NMZ in Q1 2015 is 75.2 mln roubles – 9% of the results of Q1 2014 (832.4 mln roubles). The pre-tax loss in Q1 2015 made up 1.566 bln roubles, net loss – 1.565 bln roubles against the loss of 108.5 mln roubles in Q1 2014.
The Nizhny Novgorod car manufacturing plant produces air defense missile systems C-400, C-300, aerial complexes, artillery systems and mine throwers, equipment for nuclear industry.
