Russia’s Rusnano IFRS net loss widens to 19.2 bln rbl in Jan–Jun
MOSCOW, Aug 29 (PRIME) -- The net loss of Russian state-owned nanotechnology company Rusnano almost quadrupled on the year to 19.2 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), Deputy CEO Boris Podolsky told reporters on Monday.
“In our business, withdrawal from projects influences performance significantly. That is why financial results for 2016 will be better significantly,” he said.
Macroeconomic factors influenced Rusnano’s financial performance in January–June, he said, adding that the company’s forex loss exceeded 10 billion rubles.
Rusnano earned a 17 billion ruble IFRS net profit for 2015.
(64.7380 rubles – U.S. $1)
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29.08.2016 19:48