The net profit of the Bor glass plant grew by a third

Revenues of AGC Bor Glass Plant (Nizhny Novgorod Region) in the third quarter decreased by 16.8% year-on-year and amounted to 5.56 billion rubles. This was said in a statement.

Sales profit decreased by 41% to RUB 499.3 million. Net profit increased by one third to RUB 1.29 billion. This happened against the background of the growth of other income to 1.29 billion rubles. (2.3 times).

Since the beginning of the year, the company's short-term accounts payable increased to RUB 1.19 billion. (+ 20.8%), accounts receivable increased by 2.3% to RUB 1.79 billion.

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 are owned by 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 2019, with a revenue of 8.93 billion rubles. the profit of the enterprise amounted to 1.1 billion rubles.

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