Profit of the Borsky Glassworks increased 3.6 times in the first quarter

According to the results of the first quarter of the year, the revenue of AGC Borsky Glass Factory OJSC (Nizhny Novgorod Region) decreased by 6.8% to RUB 1.94 billion. At the same time, sales profit grew by 17.4% to 270.7 million rubles, while the company's net profit increased 3.6 times to 726.18 million rubles, the company said.

From the beginning of the year, the accounts receivable of the plant decreased to 1.68 billion rubles. (-4%), short-term accounts payable rose to 1.19 billion rubles. (+20.4).

According to "SPARK-Interfax", JSC "AGC Borsky glass factory" was registered in 1992 in Bor, Nizhny Novgorod region. The authorized capital is 419 million rubles. The main activity is the formation and processing of flat glass. The general director of the enterprise is Sergey Knyazev. 85.2% of the shares are owned by AGC Europe (Belgium), another 8.6% are owned by the Manara Holding GMBN (Austria). The parent company is AGC INC (Japan). At the end of 2019, with revenue of 8.93 billion rubles. net profit amounted to 1.1 billion rubles.

Source: https://www.kommersant.ru/