Bor Glass Factory reduced its net profit for 2019 by 40%

According to the results of 2019, the revenue of JSC “AGC Bor Glass Factory” (Nizhny Novgorod Region) decreased by 7.5% compared to the previous year and amounted to 8.93 billion rubles. The company's net profit decreased by 40% to 1.1 billion rubles. Sales profit fell 45.9% to 907 million rubles.

Short-term payables decreased from 1 billion rubles. according to the results of 2018, up to 985.3 million rubles. according to the results of last year. Accounts receivable decreased by 10.8% to 1.76 billion rubles.

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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).

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