The net profit of the Bor glass plant decreased by 5.6 times

In the first quarter of 2021, AGC Bor Glass Plant (BSZ) reduced its net profit by 5.6 times - from 726.2 million rubles. up to 130 million rubles. This is reported in the reporting of the enterprise. The plant's profit from the sale decreased by 32% to RUB 184 million. Revenue amounted to RUB 2.2 billion. (+ 14%).

Since the beginning of the year, the company's accounts receivable have grown from 1.6 billion rubles. up to 2.24 billion rubles, short-term accounts payable - from 1 billion rubles. up to 1.3 billion rubles.

According to SPARK-Interfax, AGC Bor 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 shares belong to AGC Glass Europe (Belgium), another 8.6% are owned by Menarai Holding GMVN (Austria). The parent company is AGC INC (Japan). At the end of 2020, with a revenue of 8 billion rubles. the profit of the enterprise amounted to 1.46 billion rubles.

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