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Sollers swings to 1.1 bln rbl IFRS net loss in January–June

MOSCOW, Aug 29 (PRIME) -- Russian car producer Sollers posted a 1.1 billion ruble net loss in January–June against a 277 million ruble net profit in the same period of 2021, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Monday.

Revenue lost 28.8% to 26.2 billion rubles as Ford Transit cars production and sales were suspended.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to 1.6 billion rubles.

(60.0924 rubles – U.S. $1)

End

29.08.2022 19:31
 
 
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