Russia's Mostotrest swings to 2 bln rbl RAS net loss in 2020

MOSCOW, Apr 5 (PRIME) -- Russian construction company Mostotrest posted a 1.986 billion ruble net loss in 2020 after a 1.732 billion ruble net profit in 2019, as calculated under Russian Accounting Standards (RAS), the company said in a report on Monday.

Revenue decreased by 15% to 65.738 billion rubles, while the cost of sales fell 18% to 57.056 billion rubles, and the gross profit rose by 18.6% to 8.682 billion rubles.

The sales profit grew to 3.316 billion rubles from 572.305 million rubles.

Long-term liabilities slid 94.3% to 4.095 billion rubles, while short-term liabilities dove 80.4% to 12.354 billion rubles.

(76.0734 – U.S. $1)

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