Rolf’s IFRS net profit plummets 78% to 577 mln rbl in Jan–Jun

MOSCOW, Aug 30 (PRIME) -- The net profit of Russian car dealer Rolf plummeted by about 78% on the year to 576.086 million rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report late on Thursday.

Revenue grew 12% to 114.081 billion rubles, and the cost of vehicles and materials rose 12.6% to 99.778 billion rubles. Operating profit shrank 30.6% to 3.014 million rubles, and the pretax profit plunged by about 63% to 1.214 billion rubles.

Long-term liabilities of Rolf rose 21% in the period to 21.784 billion rubles as of June 30, while short-term liabilities gained 35.8% to 35.269 billion rubles. The company’s net debt jumped 47.3% to 29.869 billion rubles.

(66.7471 rubles – U.S. $1)

End