Renault: AvtoVAZ swings to 196 mln euro IFRS net loss in 2020
MOSCOW, Feb 19 (PRIME) -- Russia’s largest carmaker AvtoVAZ posted a 196 million euro net loss in 2020 against a 72 million euro net profit in 2019, as calculated under International Financial Reporting Standards (IFRS), the carmaker’s core owner Renault said in a financial report on Friday.
Operating profit of AvtoVAZ remained almost flat on the year at 129 million euros in 2020, while the pretax profit jumped more than threefold to 77 million euros. Capital expenditures grew by 27% to 172 million euros.
End
19.02.2021 11:44