Net profit of Salavatsteklo under RAS increased seven times in 2015

UFA, 29 March 2016. /Bashinform News Agency, Olesya Seregina/. JSC Salavatsteklo following the results of 2015 achieved a net profit of 800.998 million rubles, which is seven times more than the result of 2014, according to the financial reporting under RAS.

The company's revenue increased by 17.6 percent to 5.81 billion rubles, while the cost of sales, by contrast, decreased by three percent to 4 billion rubles. The gross profit developed at 1.8 billion rubles, with growth of 2.2 times. The profit on sales increased from 54.32 million rubles in 2014 to 1 billion rubles. The profit before tax amounted to 1 billion rubles (an increase by 8.7 times).

Long-term liabilities of the company reduced in 2015 from 322.82 million rubles to 318.55 million, short-term - from 917.53 million to 742.21 million rubles. Accounts receivable increased from 200.16 million to 240.98 million rubles, accounts payable decreased from 513.84 million to 496.17 million rubles.

JSC Salavatsteklo produces and sells glass and glassware, building materials and consumer goods. In terms of output it is one of the leading enterprises of the Russian glass industry. The authorized capital amounts to 49 768 thousand rubles. Nearly 75 percent are owned by Ufa "Company RIA" LLC.