VSMPO-Avisma RAS net profit sinks by 58% to 10 bln rbl in 2020

MOSCOW, Feb 18 (PRIME) -- The net profit of Russian titanium producer VSMPO-Avisma sank by 58.3% on the year to 9.529 billion rubles in 2020, as calculated under Russian Accounting Standards (RAS), the company said in a statement on Thursday.

Revenue went down by 13.3% to 78.119 billion rubles. Earnings before interest, taxes, depreciation and amortization (EBITDA) halved to 17.655 billion rubles.

The gross profit decreased by 3% to 31.523 billion rubles, the pretax profit fell by 58.3% to 12.136 billion rubles.

(73.7669 rubles – U.S. $1)

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