VSMPO-Avisma RAS net profit falls 1.8% to 19 bln rbl 2018

MOSCOW, Mar 4 (PRIME) -- The net profit of Russian titanium giant VSMPO-Avisma fell 1.8% to 18.789 billion rubles in 2018, as calculated under Russian Accounting Standards (RAS), the company said in a report Monday.

Revenue increased 23% to 89.1 billion rubles, gross profit rose 31% to 40.1 billion rubles, and sales profit grew 39.6% to 31.8 billion rubles.

The cost of sales increased 17.1% to 48.97 billion rubles.

Long-term liabilities grew 22.7% to 85.86 billion rubles as of the end of 2018. Short-term liabilities rose 18.7% to 28 billion rubles.

(65.8145 rubles – U.S. $1)

End