The profit of the Bor glass plant in the Nizhny Novgorod region in the first half of the year decreased by 25%

Nizhny Novgorod. NTA-Volga Region - The profit of the Bor glass plant in the Nizhny Novgorod region in the first half of the year decreased by 25%.

As stated in the quarterly report of JSC AGC Bor Glass Plant (AGC BSZ), in the first half of 2020, net profit decreased by 25.5% compared to the same period in 2019 and amounted to 560.5 million rubles ...

Profit before tax, according to the information, reached 724.12 million rubles. It is specified that this is 10.3% less than a year earlier.

The revenue of AGC BSZ in January-June decreased by 30.3% - 3.173 billion rubles, the cost price by 23.6% - 2.611 billion rubles, sales profit decreased 4.9 times - to 122.2 million rubles ...

At the same time, the company managed to reduce accounts payable from the beginning of 2020 by 15.7%. As of July 1, it amounts to 830.57 million rubles. Accounts receivable decreased by 26.1% to RUB 1.3 billion.

REFERENCE

Bor Glass Factory was founded in 1934. In 1997, the plant became part of the Japanese concern AGC. At present "AGC BSZ" is a manufacturer of automotive and glass, and also equips auto glass with installation equipment and various systems.

The authorized capital of JSC "AGC BSZ" is 418.956 million rubles and is divided into 4.41 million ordinary shares, with a par value of 95 rubles each. 85.22% of the authorized capital belongs to AGC Glass Europe Societe Anonyme (Belgium).

Source: https://www.nta-nn.ru/